Since our company’s founding eleven years ago, we have invested in 710 mortgages in total with a cumulative loan amount of $933.67 million, yielding a cumulative dividend distribution of $ 78,783,973.86 made up of 44 regular dividends and 3 special dividends. Our mortgage portfolio currently stands at $195.99 million, with assets under management of $215.40 million. Our mortgage portfolio has historically been focused on British Columbia but has also been diversified across Alberta, Ontario, and Quebec.

Despite the significant challenges of past years, including global economic uncertainty, higher energy, and food prices, mounting inflation rate, and COVID-19’s lingering impact, GMIC has continued to pay a stable dividend of 2% in each quarter of 2020, 2021, and 2022. We are now happy to announce that we will distribute the Q4 dividends of our 2023 fiscal year, according to our new target return of 8.75% simple interest and 9.04% compound interest.

The successful launch of GREF and GCOM represents the completion of our strategy of offering a complete investment product line in the mortgage market in Canada. By offering both residential and commercial mortgage funds, we are now able to cater to the needs of a broader range of investors, providing them with different investment options that suit their specific goals and risk profiles.