What is a Mortgage Investment Corporation

A mortgage investment corporation (MIC) is an investment and lending company designed specifically for mortgage lending (primarily residential mortgage lending) in Canada. Owning shares in a mortgage investment corporation enables you to invest in a company which manages a diversified and secured pool of mortgages. Shares of a MIC are qualified investments under the Income Tax Act (Canada) for RDSPs, RRSPs, RRIFs, TFSAs, or RESPs. Mortgage investment corporations are provincially registered and licensed. Mortgage investment corporations do not pay income tax given their corporate structure, which allows them to distribute all of their earnings to investors in the form of distributions. In fact, the portion of the Income Tax Act, which governs MICs mandates, states that they cannot retain any earnings.
Equity Capital MIC Mortgage Investment Corporation

Secured Investments

All investments are fully secured against real estate, with properties that will be appraised by CRA or AACI certified appraisers and reviewed by our highly experienced underwriting team. Borrowers situations are analyzed and exit strategies are crafted.

MIC Model

All investors will receive shares per amount invested in Equity Capital Mortgage Investment Corporation. Our policy is to be completely transparent to our investors by providing annual audited Financial Statements at the end of each fiscal year, as well as a customer service experience that is unparalleled in the industry.

RRSP Eligible

You can utilize your RRSP funds to invest in Equity Capital MIC's fund directly. The income earned by your RRSP investments are tax-free. As a result, the tax-free interest earned from Equity Capital MIC held in your RRSP can compound tax-free and you don’t have to worry about paying taxes on your profits until you withdraw them from your RRSP.
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Advantages of Investing With Equity Capital MIC

Investors seeking alternatives to traditional equity and fixed-income products have increasingly been putting their money in Mortgage Investment Corporations and real estate related investments. Equity Capital Mortgage Investment Corporation offers investors a portfolio of low-risk first and second mortgages through a diversified pool of mortgages across Canada. Our investment strategies are focused on residential properties located in urban and suburban areas in highly desirable municipalities.

Our Investment Strategy

Equity Capital MIC has an extensive network of mortgage agents and brokers within the industry and is considered as a go-to lender when seeking private mortgage financing. By combining several high-quality mortgages into a diversified pool, we can mitigate the risks associated with investing in a single mortgage.

As a lending company servicing mortgage financing Canada wide, we cater to clients that are typically self-employed individuals, borrowers with poor or limited credit history or new immigrants to Canada. Our investment objective is to identify relatively low-risk, first and second residential mortgages across Canada, with a maximum loan-to-value exposure of no more than 75%.

The investment returns generated by Equity Capital MIC have substantially exceeded those produced by other investment vehicles such as stocks, bonds, and GICs. Our investors can gain the benefit of compounding their return by choosing to take advantage of our automatic dividend reinvestment plan (DRIP). Alternatively, investors can receive their monthly dividends by direct deposit to a specified account.

How to Invest in Equity Capital MIC

The investment process begins with the investor placing their funds into Equity Capital Mortgage Investment Corporation. Once funds are received and the subscription is executed, the investor becomes a shareholder in the company owing preferred shares which entitles them to their share in the mortgage income earned by Equity Capital MIC.
Investor instructs their trustee (usually a trust company or other financial institution) to deposit funds on their behalf into the MIC. The Trustee receives the preferred share certificate and holds the certificate “in trust” on behalf of the shareholder. Equity Capital MIC has established relationships with Olympia Trust and Computershare and we will be happy to assist you with your registered investing.

Non-Registered Funds

1. Fully executed subscription agreement
2. Draft payable to ``Equity Capital Mortgage Investment Corporation``
3. Identification

Registered Funds

1. Fully executed subscription agreement
2. Registered Savings Plans- RRSP, RRIF, TSFA, RDSP, RESP Equity Capital MIC works with several third party Trust Companies which allow investors to open a self-directed registered account and invest into Equity Capital MIC. Dividends earned can be directed back into the registered account or reinvested through our DRIP program.

Dealers/Advisers

Dealers/Advisers are required for all initial purchases to deliver a copy of the completed Subscription Agreement on the date the order is placed to Equity Capital MIC via:
Email: Invest@equitycapitalmic.ca

What is a Dividend Reinvestment Program (DRIP)

The Plan provides eligible Shareholders a convenient means to purchase additional Common Shares by reinvesting their cash dividends. Common Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who do not enroll their Common Shares in the Plan will continue to receive dividends in the usual manner. Shareholders may elect to enroll a 100% of their Common Shares for dividend reinvestment under the Plan.

The Plan offers Shareholders a cost-effective means to purchase additional Common Shares through the reinvestment of dividends on a regular basis and in a convenient manner. Participants in the Plan will dollar cost-average their Common Share purchases by reinvesting dividends under the Plan on a regular monthly basis. No administration fees are charged to participants by the Corporation or the Plan Agent for their participation in the Plan. The Corporation will pay for any brokerage commissions on purchases of Common Shares under the Plan.

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