When investing in our High Yield MIC, investors are issued a set number of preferred shares. These shares are paid a fixed rate of return that is calculated according to the amount of money invested, as well as the length of time it's committed to the MIC.  Related Individuals can pool their RRSP and non RRSP funds in our MIC to be eligible to earn higher rates of fixed returns

Investors have the option of receiving their earnings on a monthly basis in the form of cash payments, or reinvesting the funds into the MIC to realize the advantages of compounding.vice.

The MIC's management team uses this pool of capital to fund a diverse range of Canadian residential and commercial mortgages that meet the corporation's predetermined lending criteria. Revenue is generated in the form of interest and fees earned on the mortgage portfolio. From this income, investors are paid their fixed rate of return.

 

Investment Rates

There are a number of risks associated with the Fund and its mortgage portfolio which could impact the ability of the Fund to pay these returns to its investors.Investors should read the offering memorandum and consult their financial advisors to review the risks associated with investing in the Fund and the potentialimpact of those risks on the Fund's ability to pay these rates of return to its investors. To receive a copy of our offering memorandum you may request one here.

Annual Rate Earned (Cash Dividends)

Cash dividends are distributed monthly. Rate of return presented is the annual rate.
Funds in the open term are redeemable 90 days from Westpoint's receipt of written request from the investor.

Annual Rate Earned (Dividends Re-invested)

The rates above are based on the dividend reinvestment program (DRIP) and are calculated based on annual compounding.

Funds in the open term are redeemable 90 days from Westpoint's receipt of written request from the investor. Dividends begin to be earned on the first day of the month following the investment date. Dividends are treated as interest income for income tax purposes.

 

Please note that Westpoint Capital and it's employees are not investment advisors and we are not providing investment advice.