Fund Summary
| Fund Type | Mortgage Investment Corporation (MIC) |
| Lendable Funds | $214.64 MM (July 2021) |
| Fund Inception Date | Incorporated March 2007 |
| Monthly Distributions | 6.3% per annum (not guaranteed) Cash or DRIP (dividend reinvestment) 144 consecutive months of distributions. |
| Share Price | $100.00 per Class B Common Share (EMD) $100.00 per Class F Common Share (IIROC – no load) |
| Minimum Investment | $10,000 |
| Dividends | Taxed as interest income. T5 Tax Slips provided to Open/Cash Investors. |
| Credit / Leverage | $78MM (RBC - Royal Bank) |
| Loan Asset Class | Residential Mortgages. Primarily single detached homes in urban Western Canadian cities (populations >75K) to arm’s length borrowers. |
| Redemption Rights | Monthly redemption available (conditions may apply). Redeemable on demand (with 60 days notice before year end). See Offering Memorandum for details. |
| Management Fee | 1.50% per annum of mortgages under management. |
| Registered Funds | RRSPs, RRIFs, RESPs, LIRA and TFSA |
| Monthly Fast Facts | Monthly Fast Facts |
| Mortgages advanced since fund's inception | 1,000+ |
| Shareholder Yield (audited) | 2021: 5.65% 2020: 6.80% 2019: 7.15% 2018: 7.09% 2017: 7.03% 2016: 7.19% 3-year average: 6.54% 10-year average: 7.95% |