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Romspen mortgage investment fund mer

Distributor -. Open: 9. Worst Month When will distributions be paid? Registered Plan Eligible Yes. Hide Low Remove item from list.

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A mortgage investment corporation or 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. Mortgage investment corporations are generally provincially registered and licensed, with the management of the mortgage fund under the direction of provincially licensed mortgage brokers and real estate agents. A MIC mortgage portfolio can include everything from small second mortgages on residential property to commercial and development mortgages on new projects. Every investment is typically based on a thorough investigation of the property. MIC’s investment strategies vary considerably, as do their rates of return on invested capital. Some MIC shares are designed to be held for a period as short as a year, and other MIC shares require the investor to hold them for a longer period, up to 10 years in some cases.

ROMSPEN MORTGAGE INVESTMENT FUND Filings

Hide Medium Remove item from list. The purchase price is net asset value per unit. YTD Return. Low to Medium. YTD High. Investment Objectives Capital preservation, strong absolute returns and performance consistency. My Watchlist My Portfolio. More stories below advertisement. Open: 9.

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