How the return is generated
Interest on mortgages in the book, plus lending fees earned at origination — less operating costs, provisions and any losses.
What has actually been paid.
Lendmax Capital Mortgage Investment Corp. distributes quarterly, and has paid a bonus distribution on top of the regular dividend in the periods shown below. Fiscal 2025 finished with total paid investor returns of 13.53% compounded quarterly, including bonus payouts, against a targeted annual return of 9%.
Before this page goes liveThe FY2025 total of 13.53% is the figure already published in Lendmax's own investor release. The quarter-by-quarter split charted below is illustrative structure only and must be replaced with the audited quarterly distributions before publication. Edit the
DIST array in the page script.Distributions paid per quarter
Annualized rate paid to investors, by quarter. Regular dividend and bonus shown separately.
Regular quarterly dividend
Bonus distribution
Figures are annualized rates paid, not a forecast.
13.53%FY2025 total paid, incl. bonus
9%FY2025 target annual return
QuarterlyDistribution frequency
2020Lending since
Past performance is not indicative of future results. The figures shown are historical distributions actually paid; they are not a projection, a forecast or a promise. Distributions are not guaranteed and may be reduced or suspended. Any target return is a target only and may not be achieved. Shares are not deposits, are not insured by the Canada Deposit Insurance Corporation, and are not guaranteed by any government or agency. An investor may lose some or all of their investment. Read the offering memorandum, including the risk factors, before investing.
Why a bonus distribution
A MIC must distribute its taxable income to keep its flow-through treatment. Where the book earns more than the regular dividend rate, the surplus is distributed rather than retained.
What would reduce it
Rising arrears, enforcement costs, falling property values, or capital sitting undeployed. All of these are real and none of them are hypothetical.