8.00%
Avg Loan to Value (LTV):
<43%
10.00%
Avg Loan to Value (LTV):
<54%
12.00%
Avg Loan to Value (LTV):
<69%
9.00%
Avg Loan to Value (LTV):
<55%
11.00%
Avg Loan to Value (LTV):
<60%
13.00%
Avg Loan to Value (LTV):
<80%
A mortgage investment corporation (MIC) is a unique investment vehicle that pools money from investors to fund mortgages secured by Canadian real estate. The MIC earns money through interest payments on those mortgages and then shares those profits with its shareholders.
With Amur Capital, investing in MICs means investing in a professionally managed and highly diversified portfolio of mortgages to provide you with a steady, passive income stream. This lets you benefit from Canada’s strong real estate markets, like British Columbia, Alberta, and Ontario, without the hassle of buying or managing any property.
MICs act as both an issuer and a lending institution. This means MICs issue shares to investors in exchange for money invested and then invests the proceeds into mortgages secured by real property. MIC shareholders then earn income from the borrowers’ mortgage payments in the form of dividends, which they can redeem as cash or reinvest for compounded growth.
A MIC is also considered a flow-through investment vehicle, which means it must pass 100% of its annual net income to the shareholders, according to the Income Tax Act (Section 1301.1). The dividends are paid to investors regularly, usually every month or quarter.
Investing in MICs is a great way to gain exposure to Canada’s thriving real estate market without the demands of active property management. Aside from this, there are several other reasons why investors consider MICs in Canada:
MIC investors receive dividends from the interest payments made by borrowers to the mortgage lender, forming a consistent passive income stream at higher rates than traditional fixed-income securities like government bonds and GICs. They can also choose to reinvest the dividends into the fund for compounded returns.
While no investment is risk-free, mortgage investments provide a diversified approach to minimizing risks. By investing in different mortgage portfolios— consisting of varying Loan-to-Value (LTV), mortgage size, maturity, and geographical location— our MIC funds can achieve and exceed their target returns even during market downturns.
Since 1984, Amur Capital’s offerings have provided Canadian investors with stable historical returns and have never posted a negative return, even during the worst economic climates.
For those seeking returns comparable to the stock market without the associated volatility, MICs provide a secured real estate investment that’s simpler and may be more profitable. It is also one of the best ways to beat inflation. In fact, our MIC funds have historically delivered 6%-14% annual returns.*
An investment is only as good as its people, and in the case of MICs, its management team’s expertise and strategic decision-making play a crucial role.
Amur Capital funds employ a rigorous mortgage approval process built by our experienced underwriters, and the portfolio of mortgages is administered by our professional fund managers. This unique, harmonious system helps us manage risk effectively, which allows our funds to provide robust and steady returns.
*Past performance is not indicative of future performance. Always review the offering documents and seek professional financial or tax advice before investing.
All three fund offerings are eligible for the following accounts:
These registered accounts can hold your investments and apply certain tax benefits to your investment income.
Contact our dealing representatives to determine if your registered account is eligible.
Speak with our Investor Relations today to learn more about Amur Capital’s professionally managed mortgage investment funds.
