Fund Summary

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Fund Type	Mortgage Investment Corporation (MIC)
Mortgages Under Administration	$295MM CAD (January 2026)
Fund Inception Date	Incorporated March 2007
Monthly Dividend Rate	7.00% p.a. - Class B 7.50% p.a. - Class F Cash or DRIP (dividend reinvestment) Monthly distributions are not guaranteed.
Share Price	$100/share - Class B $100/share - Class F
Minimum Investment	$10,000 Class B $10,000 Class F $15MM Class I
Dividends	Taxed as interest income. T5 Tax Slips provided to Open/Cash Investors.
Credit / Leverage	$100MM CAD (3 of Canada's big 5 banks in syndication) Fiscal year 2024: debt to equity: 28.15% YTD 2025: debt to equity: 23.33%
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 is the fund's practice (conditions may apply). See Offering Memorandum for details on restrictions that may apply.
Management Fee	1.50% per annum of mortgages under administration (MUA).
Registered Funds	RRSPs, RRIFs, RESPs, LIRA and TFSA
Fund Facts (updated monthly)	Monthly Fund Facts
Mortgages advanced since fund's inception	2,800+ (over $1.2B)
Shareholder Yield	Class B (available via EMD) 2026: 7.00 p.a. monthly distribution rate 2025: 7.70% (unaudited) 2024: 8.47% (audited) 2023: 7.84% (audited) 2022: 6.34% (audited) 2021: 5.68% (audited) 2020: 6.80% (audited) 2019: 7.00% (audited) 2018: 7.09% (audited) DRIP Returns 3-year: 8.24% 5-year: 7.42% 10-year: 7.30% Since inception: 8.40% Class F (available via Fundserv QWE834 – no load) 2026: 7.50% p.a. monthly distribution 2025: 8.20% (unaudited) 2024: 9.02% (audited) 2023: 8.36% (audited) 2022: 6.87% (audited) 2021: 6.23% (audited) 2020: 7.33% (audited) 2019: 7.71% (audited) 2018: 7.65% (audited) DRIP Returns 3-year: 8.80% 5-year: 8.01% Class F shares introduced in 2018 Class I (Institutional: $15MM minimum) Contact Us