Firm Capital Mortgage Investment Corporation announced the appointment of Keith L. Ray as a new independent director of the Corporation. Since 2007, Keith has been the Chief Executive Officer of Realvest Management. Keith also currently sits on the boards of two TSX publicly-listed companies and acts as chair of the audit committees for both companies.

The company reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported profit for the second quarter ended June 30, 2014 increased by 6% to $4,800,625 as compared to $4,527,827 for the same period last year. Basic weighted average profit per share for the second quarter ended June 30, 2014 was $0.239, which is lower than the $0.257 per share reported for the second quarter ended June 30, 2013. Profit for the quarter ended June 30, 2014 represented an annualized return on shareholders' equity of 9.21% versus a previously reported return on shareholders' equity of 9.97% for the quarter ended June 30, 2013.

For the six months, profit for the period increased by 12% to $9,770,228 as compared to $8,722,292 for the same period last year.