Cannect MIC – Brokerage No. 12156
Cannect MIC – Brokerage No. 12156
Mortgage Investment Corporations (MIC) are tax exempt investment corporations that allow people to pool their money in order to invest in Canadian residential and commercial mortgages. MIC’s allow investors access to unique mortgage portfolios through their management teams that do everything from hand-picking the mortgages to the day-to-day administrative responsibilities. This makes investing in MIC’s a stress-free alternative to investing in “bricks and mortar” real estate. As a tax exempt corporation, a MIC pays 100% of its net income out to its investors in the form of dividends. MIC’s are great investment vehicles for those seeking similar returns to the stock market without taking on the same amount of risk.
*Note to investors: Prospective investors should read the Offering Memorandum which details the risk factors and investment objectives before investing. Cannect is RRSP and TFSA eligible. Mortgage investments are not guaranteed, past performances may not be repeated, and investors may experience a gain or loss. Past results are not indicative of future returns. Monthly distributions are not guaranteed and may be adjusted from time to time. Cannect has retained Meadowbank Asset Management Inc. as agent to verify investor suitability and compliance with eligibility guidelines under the applicable securities laws. Meadowbank is registered as an Exempt Market Dealer in the Provinces of Alberta, Ontario and Quebec.
© 2023 Cannect Mortgage Investment Corporation
Brokerage No. 12156