SHARBOT LAKE, ON, December 20, 2024 – Frontenac Mortgage Investment Corporation (“FMIC” or the “Company”) announced a board of directors-approved pro rata redemption of $65,000,000, effective December 19, 2024. This represents approximately $10.26 per share, based on a redemption price of $30.00 per common share (“Common Shares”), and the redemption of 2,166,667 shares (roughly 34% of outstanding Common Shares). Details on the Pro Rata Redemption Plan are in the Company’s management information circular (October 31, 2024).

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Forward-Looking Statements

This release includes forward-looking statements (as defined by Canadian securities laws). These statements concern the Company’s future business, operations, financial performance, and plans. All statements that are not present or historical facts are forward-looking. Such statements often use terms like “anticipate,” “believe,” “plan,” “intend,” “estimate,” “expect,” “may,” “will,” “project,” or similar words, or their negatives.

Forward-looking statements are based on assumptions and are subject to risks and uncertainties that could significantly affect FMIC’s actual results. These statements are not guarantees of future performance. While FMIC believes these statements are reasonable, actual results may differ materially. Readers should carefully consider the inherent risks and uncertainties and not over-rely on these forward-looking statements. This cautionary statement qualifies all forward-looking statements. Unless required by law, FMIC does not plan to update these statements.

SOURCE Frontenac Mortgage Investment Corporation