How to invest in mortgages in Canada through a MIC, in four steps. Every subscription runs through a registered exempt market dealer, and the suitability work happens before the money moves — not after.
Published by Lendmax Capital MIC|Updated About our team
You complete an application with a dealing representative: who you are, your financial circumstances, objectives, investment knowledge, risk tolerance and time horizon. Identity is verified. You receive the offering memorandum and the risk acknowledgement form to read before anything is signed.
The dealer determines which prospectus exemption applies to you and whether a subscription is suitable, putting your interest first. This is where investment limits, concentration and liquidity are assessed. Some investors will be told this is not right for them — that is the review working.
Subscription documents are signed and funds are transferred — from cash, a corporate account, or a registered plan through the plan trustee. Registered transfers take longer than cash; plan ahead for them. Shares are issued and you are recorded on the register.
You get an account view of your holding, distributions paid, reinvestment elections and tax slips, plus the corporation's reporting. Redemption requests are submitted here under the notice periods in the offering memorandum.
Open your account
