Mortgage Investment Corporation
Crossroads-DMD Mortgage Investment Corporation investors are shareholders in the MIC. Under Section 130.1 of Canada’s Income Tax Act, all investments must be used for mortgage investments in Canada. A flow-through investment vehicle, a MIC distributes 100% of its net income to its shareholders.
MIC investor’s funds are pooled and investors share in the corporation’s revenues as soon as investment funds are received. Because of the often large investors’ pool and the number of mortgages invested in, shareholder dividend payments are quite stable while providing the MIC liquidity. This means investors can request redemption of their share investment at any time.
Under offering memorandum provisions, a preferred shares holder, providing 18-months’ advance written notice to the corporation (this may be waived subject to board approval), can request that the whole or any part of their redeemable shares be redeemed. If shares are redeemed after the fourth anniversary of the date of issuance, there is no administrative charge.
Crossroads-DMD MIC investors - A deregistration request form can be obtained here:
 |
Deregistration Request Form |
For more information, investors are encouraged to review the Articles of Incorporation of the Corporation by appointment only during normal business hours during the course of this Offering at the Corporation's business office situated at Suite 200, 136 – 17th Avenue N.E., Calgary, Alberta, T2E 1L6.
For more information on share offerings, rights and obligations, please review our Offering Memorandum.
Contact Crossroads-DMD Mortgage Investment Corporation for investment and mortgage information, opportunities and for a full explanation of our share redemption process click here.
