|
High Yield MIC |
Performance MIC |
SYNDICATED |
| Investment
Process |
Invest at any time through a licensed
Dealing
Representative who is authorized to carry our product. |
Invest at any time through a licensed
Dealing
Representative who is authorized to carry our product. |
Select a mortgage to invest in
directly from our Investor Portal. Syndicated investments
are made through a Dealing Representative licensed with Westpoint
Capital. |
| Yield |
5% to 11.84%
Compounding option increases yield
|
11%
Compounding option increases yield
|
10% to 15%
Each mortgage has its own specific rate of return.
|
| Compounding Option
Available |
Yes
|
Yes
|
N/A |
| Eligible for Registered
Funds |
Yes
|
Yes
|
N/A |
| Minimum Investment
Amount |
$10,000 |
$5,000 |
$25,000 |
| Liquidity |
Open Term - Liquid with 90 days Redemption Notice
1-5 Year Term - Not Redeemable
|
Liquid with 90 days Redemption Notice
Early Redemption Penalty applies if redeemed in the first 6
years
|
Not Liquid - Repayment of principle
invested occurs when the borrower repays his loan. |
| Investment
Criteria |
Must be an Eligible Investor for residents of all
provinces except British Columbia |
Must be an Eligible Investor for residents of all
provinces except British Columbia |
Must be an Accredited Investor or be
investing a minimum of $150,000 |
| Diversity |
There is diversity because your funds
are pooled and invested in a diversified portfolio of
mortgages. |
There is diversity because your funds
are pooled and invested in a diversified portfolio of
mortgages. |
There is no diversity because you are
invested directly in a single mortgage rather than a pool.
You may add diversity by investing smaller amounts into several
mortgages rather than a larger amount into one mortgage |
| Term |
Open to 5 years |
Open with 90 day redemption
period |
Each mortgage is unique |
| Investor Participation in
Investment |
Passive - manager is selecting the
mortgages to invest in. |
Passive - manager is selecting the
mortgages to invest in. |
Active - you are selecting the
mortgage to invest in. |
| Monthly Income
Available |
Yes, monthly cash payments are an
option |
Yes, monthly cash payments are an
option |
No, your return is paid when the
mortgage principal is repaid. |
| Tax Treatment |
Taxed as interest income |
Taxed as interest income |
Taxed as interest income |