Frontenac Mortgage Investment Corporation has announced a delay in the filing of its annual financial statements and management's discussion and analysis for the year ended December 31, 2025. The company stated it requires additional time to complete the year-end audit process.
In a concurrent update, the company provided information on its mortgage portfolio. It reported that as of March 27, 2026, its portfolio consists of 16 mortgages with a total principal balance of approximately $44.5 million. The company noted that two mortgages, representing about 9.5% of the portfolio by principal balance, are currently in default.
The company also announced a monthly cash dividend of $0.04167 per class A share, payable on April 15, 2026, to shareholders of record on March 31, 2026. Frontenac has applied for a management cease trade order from the Ontario Securities Commission due to the filing delay, which would restrict trading by insiders but not by the general public.
