Dundarave - British Columbia - Mortgage Investment
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Why Choose an MIC?Dundarave Mortgage Investment Corporation

DMIC has only one goal:  to preserve your capital while aiming to provide superior returns from secured, low-risk mortgage investments*

Dundarave Mortgage Investment Corporation is a “Mortgage Investment Corporation” (commonly referred to as a “MIC”) licensed by the Financial Institutions Commission of British Columbia (FICOM).  Our financial statements are audited every year and in addition to reporting to FICOM, our sales of shares to the public are reported to the BC Securities Commission.

Mortgage Investment Corporations are creations of the Income Tax Act of Canada.  They are unique corporate structures that allow for the flow-through of interest income and capital gains to their investors. 

Investors in Dundarave Mortgage Investment Corporation subscribe for Preference Shares issued at $1.00 each.  Funds are pooled with other investors and invested into a Our Investment Philosophydiversified pool of mortgages providing both security and liquidity.  Investors receive a quarterly payment equal to their pro-rata share of the income received by Dundarave of that financial period.  Investors can receive either a cash payment or reinvest their profit to compound their earnings.

Dundarave is structured as an investment vehicle that qualifies for all types of Canadian registered savings and pension plan investments, including the RRSP, RRIF, RESP, and the TFSA.

 

* DMIC strives to meet this goal but investments are subject to changing circumstances.  DMIC aims to maximize the outcome for the shareholders when negative conditions occur.

 

 

 

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