TSX Symbol FC.UN

TORONTO, Aug. 20 /CNW/ - Firm Capital Mortgage Investment Trust (the "Trust") (TSX FC.UN), announced its monthly cash distribution of $0.078 per unit for the Unit holders of record as per the following:

                    Record Date             Payable
                    -----------             -------
August 2008         August 31, 2008         September 15, 2008
September 2008      September 30, 2008      October 15, 2008
October 2008        October 31, 2008        November 17, 2008
November 2008       November 30, 2008       December 15, 2008

The Trust, through its Mortgage Banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate finance, including construction, mezzanine and equity investments. The Trust's investment objective is the preservation of Unitholders' equity, while providing Unitholders with a stable stream of monthly distributions from investments. The Trust achieves its investment objectives by pursuing a strategy of growth through investments in selected niche markets that are under-serviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to Unitholders. For more information, please visit www.firmcapital.com