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Genesis Mortgage Investment Corporation

Genesis MIC invests in residential and commercial mortgage loans secured by real estate in major urban centres in B.C., Alberta and Ontario. Since inception in 2012, it has generated an attractive yield for accredited investors through historically reliable quarterly distributions.

100% of regular distributions can be earmarked to personal RSPs and TFSAs for tax-sheltered investing.

Experience

10+ Years

Proven Track Record

TTM Yield

8.24%

Per Annum

Value

$225 Million

Total Mortgage Portfolio

Ratio

62%

weighted average
loan-to-value

Fund Summary

Fund Type:
Mortgage Investment Corp.
Eligibility:
Accredited Investors
Registered Accounts:
RRSP, TFSA
Distribution Frequency:
Quarterly
Unit Value:
$1.00
Redemption:
12 Months After Issuance
Inception:
October 16, 2012

Mortgage Portfolio Highlights
— December 31, 2022

Total Mortgage Portfolio:
$225 Million
Number of Mortgage Investments:
102
Average LTV Ratio:
62%
Percentage of Portfolio which are First Mortgages:
53.93%
Percentage of Portfolio which are Second Mortgages:
44.79%

GMIC Performance

Since the company was founded ten years and three months ago, we have been achieving stable and high returns (8.24% – 8.35%). We have invested in 653 mortgages in total with a cumulative loan amount of $857.99 million, yielding a cumulative dividend distribution of $ 66,077,035 made up of 41 regular dividends and 3 special dividends. We continue to gain the trust of more and more investors every month. GMIC endeavours to build a national presence managing assets of $239.52 million and a mortgage portfolio of $225.19 million for 679 shareholders.

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