What is a Mortgage Investment Corporation?
Who We Are
METROPOINTE CAPITAL INC. (MCI)
Metropointe Capital Inc. (MCI) is the exclusive Exempt Market dealer for Metropointe Mortgage Investment Corporation (MMIC). MCI is a fully registered securities dealer which exclusively engages in offering prospectus exempt securities to qualified exempt market clients. MCI is fully licenced as an Exempt Market Dealer and the exclusive EMD for MMIC. MCI (the EMD), MMIC (the Issuer), and MCMI (the Manager), have certain directors, officers and employees in common. For more information on the related companies, please see the Relationship Disclosure Information (RDI) below.
We specialize in:
Stability
Consistency
Growth
What type of investment vehicles is a MIC an alternative for?
An Alternative to Private Mortgages
An Alternative To Mutual Funds & Stock
Mutual funds and stock market investments experience significant fluctuations in returns on investment based on market conditions and therefore bring significant level uncertainty and risk. In contrast, MIC investors realize relatively stable and consistent returns generally higher than most mutual funds. In addition, investors have added comfort knowing that the mortgages provided to borrowers are secured by Canadian real estate located major centers in British Columbia providing liquidity of the investments.
Alternative To Term Deposits & GIC’s
Financial institutions lock in term deposits and use these funds to invest in mortgages and other investments. MICs also invest in mortgages, however, charge higher interests to borrowers and therefore distribute higher returns to MIC investors than traditional Term deposits and GIC’s
A Mortgage Investment Corporation, also called MIC is a financial organization that handles Shares of a MIC are qualified investments under the Canadian Income Tax Act (Section 130.1) for RRSP, RRIF, TFSA, LIRA, LIF, RESP and FHSA accounts. The Income Tax Act requires that 100% of a MIC’s annual net income be distributed to its shareholders. diversified portfolio of mortgages similar to traditional bank mortgage financing but instead of the bank earning interest, you do