Skip links
Are you interested in investing in one of Amur Capital’s Funds? Click here.


About Amur Capital Mortgage Investing How to Invest Investment Options Account Management Investor Support

About Amur Capital

Amur Capital Management Corporation is a subsidiary of Amur Financial Group registered as an Exempt Market Dealer (EMD). It acts as the capital raising and investor relations arm of its Mortgage Investment Corporation (MIC) funds.   

Since 1984, Amur Capital’s MIC funds have consistently delivered strong historical returns to Canadian investors and have never had a negative return, even in the most challenging economic times.  

Amur Capital was registered as an EMD in 2019, but the management of Amur Capital and Amur Financial Group have been operating in the mortgage industry for multiple decades. Our oldest fund, Ryan Mortgage Income Fund (now known as Amur Capital Income Fund), was incorporated in 1984. Since then, over $3 billion in mortgages have been arranged and funded.  

Amur Capital is located in Surrey, British Columbia. Our address is #210-10524 King George Boulevard, Surrey, BC V3T 2X2.  

Mortgage Investing 

Mortgage investing is a type of alternative investment in which pooled funds from investors are managed by a Mortgage Investment Corporation (MIC) and lent to qualified borrowers in the form of mortgages.  

Investors then receive income from the mortgage fees and interest as dividends, which they can redeem as cash or reinvest for further investment growth. 

A MIC is a company created specifically for mortgage investments and lending in Canada. For borrowers, MICs are a valuable alternative financing source that can be more flexible than the big banks. For investors, MICs can be a way to invest in a diversified and secured pool of mortgages. 

MICs earn revenue from borrowers’ mortgage debt payments. Because MICs are a flow-through investment, all the profits of the MIC are passed on proportionately to all shareholders as dividends.    

Other investments, such as stocks and bonds, are affected by factors that may not be directly related to the asset itself, such as investor sentiment and broad market performance. This can make traditional investments volatile and uncertain.  

In contrast, real estate returns tend to be less volatile. Since the performance of a MIC fund is directly related to its portfolio of mortgages, it can often provide a higher dividend payout than other investments, with less volatility and uncertainty. 

MICs provide an opportunity to diversify your investment portfolio. It’s also an option that can give security and robust returns without the troubles of purchasing or managing a real estate property. 

An investment in our MIC fund offerings is secured by mortgages placed on residential and commercial properties and often by additional security such as personal and corporate guarantees, general security agreements and assignments of material contracts such as insurance policies.  

The origination entities for our MIC funds include experienced underwriters in the loan approval process, and the approval for all lending is rigorous. We are confident in our underwriting practices, and while this investment is not guaranteed, we invite you to contact us to determine if the investment suits you.  

How to Invest 

Investors need at least $25,000 to invest in one of Amur Capital’s fund offerings. Investing in our MIC Funds allows investors to enter the mortgage investment industry with significantly less capital than investing directly in individual mortgages. 

As a registrant under Canadian Securities legislation, Amur Capital is subject to rules relating to “Know-Your-Client” (KYC) obligations. As such, Amur Capital will request documents to establish your identity, and ensure it has sufficient information such as income level, net worth, investment needs, objectives, time horizon, and risk profile to meet its obligations to determine suitability.   

When you invest in one of Amur Capital’s funds, your money is pooled with other investors’ capital. We use that pool of capital to loan money to select borrowers that fit our lending criteria. 

When we lend money, we place a mortgage on the borrower’s property, and the borrower makes payments of interest and principal back to the fund. The mortgaged property acts as the security backing the loans. Also, since we have several mortgages outstanding at any given time, your investment is diversified and not tied to any one borrower. 

Our funds then pay 100% of the net income (after all expenses and fees) back to our investors from those mortgages.  

Major cities in Alberta, British Columbia, Manitoba, Nova Scotia, and Saskatchewan.  

Our funds are predominantly focused on residential mortgages, but certain funds can invest in non-residential mortgages, including commercial mortgages on apartment buildings and commercial and industrial properties. We do not invest in any development projects.  

MICs typically invest in highly marketable urban and suburban properties across Canada, offering financing to borrowers who have significant equity in real estate but are unable to borrow from traditional funding sources. Our funds receive a consistent stream of high-quality mortgage deal flows from Amur Financial Group’s origination entities, Alpine Credits and Sequence Capital, which employ a stringent underwriting and approval process to ensure quality assets secure the mortgages. 

The average return of our fund ranges from 8.00% to 14.00% while a 10-year Government of Canada bond offers an average return of 1.50%. While an investment in mortgages is not guaranteed, we invite you to contact us to determine if the investment is suitable for you. 

Investment Options 

Amur Capital offers three distinct MIC Funds to suit every investor’s risk appetite: Amur Capital Conservative Income Fund (ACCIF), Amur Capital Income Fund (ACIF), and Amur Capital High Yield Fund (ACHYF).  

Each MIC fund has different goals regarding Return on Investment (ROI) and Loan to Value (LTV), so they appeal to different kinds of investors. While all three funds focus on residential mortgages, they differ in the types of mortgage assets they hold.  

Conservative Income Fund (ACCIF) 

Most recent return: 8.29% 

Focus: Low LTV; 1st residential mortgages 


Income Fund (ACIF) 

Most recent return: 11.08% 

Focus: Mix of 1st and 2nd residential mortgages or commercial mortgages 


High Yield Fund (ACHYF) 

Most recent return: 14.03% 

Focus: Small residential mortgages with high LTV 

Investment in our fund offerings is available to Alberta, British Columbia, Manitoba, Nova Scotia, and Saskatchewan residents and must be made on a private placement basis. Please get in touch with us for more information regarding your specific circumstances.  

The yield is determined entirely by the performance of the investments in the fund. 

Conservative Income Fund (ACCIF) 

Target annual yield: 9.00% 


Income Fund (ACIF) 

Target annual yield: 11% 



High Yield Fund (ACHYF) 

Target annual yield: 13% 

Account Management   

As an EMD, Amur Capital will not charge any upfront transaction or trailer fees, meaning 100% of the investor’s capital gets placed in the selected MIC.  

However, Amur Capital will receive compensation of 0.15% per annum of the value of each MICs. Although the compensation received by AMUR is not charged to you directly, it is deducted from the funds’ returns prior to distribution, reducing your return on investment by 0.15% year over year.  

Investing in one of our MIC funds has no specific maximum duration limit as they don’t mature or end after a fixed period.   

The price per security is $1.00 per Preferred Share. For each share, the investor is entitled to a share of the total yield of the MIC.  

Dividends are paid monthly on the 15th of each month for the prior month’s earned income. The board of directors sets the monthly distribution rate on a quarterly basis. Additionally, there is an annual top-up to the distribution once the fund audit is complete.  

Investors can initiate a redemption anytime by giving a redemption notice to Amur Capital. Within ninety (90) days after the redemption notice is received, shall Amur Capital redeem the specified shares.  

However, mortgage investment funds are not meant for a short-term investment timeline. To take advantage of compounded returns and accelerate the income potential of your investment, our funds are eligible for a Distribution Reinvestment Plan (DRIP), which allows holders of preferred shares to have all cash distributions from the Company automatically reinvested in additional preferred shares. 

Please refer to each issuer’s Offering Memorandum for further details.  

Our goal at Amur Capital is to provide investors with flexibility and choice. However, please note that we do not offer pre-authorized contributions. All purchases are processed based on the client’s request and are always subject to KYC (Know Your Customer) obligations for each purchase.  

If you choose to make monthly contributions to a registered account, please be aware that this may incur fees from the trust company.  

Investor Support

Yes, shares in Amur Capital’s funds are eligible for RRSP, RESP, and TFSA. However, subscribers should consult with their own tax advisor regarding the income tax consequences of acquiring, holding, and disposing of the preferred shares, including the application and effect of the income and other tax laws of any country, province, state, or local tax authority. 

No. The MICs are private companies, and shares cannot be traded.  

MICs have a special status under the Income Tax Act. The Act allows the MIC to pass 100 percent of its income to shareholders without paying corporate income taxes. As no corporate taxes have been paid, there are no dividend tax credit implications, so, for clarity, the Canada Revenue Agency has directed that the income be reported as interest income.  

Since 1984, Amur Capital’s offerings have never posted a negative return, even during the worst economic climates. Amur Financial Group’s origination entities, Alpine Credits Ltd. and Sequence Capital Ltd., have a pool of carefully selected mortgages due to their rigorous approval process to ensure that no mortgages go into default.  

However, in rare circumstances where MICs contend with mortgage defaults, we have set aside a Loss Provision fund to cover potential defaults/ losses.  

Investing in a MIC is not for everyone. Your current financial situation, including your investment goals, time horizon, and risk appetite, are just a few of the many factors to consider whether mortgage investing is the right type of investment for you.  

We would happily sit down with you to discuss your potential investment.