“Relentlessly strive for the best; as only the virtuous ones can bear the utmost burden”. We relentlessly pursue the principles of honesty and trust, we value our shareholders, borrowers, and our dedicated professional employees.
Since our company’s founding ten years and six months ago, we have invested in 677 mortgages in total with a cumulative loan amount of $881.29 million, yielding a cumulative dividend distribution of $ 70,484,194 made up of 42 regular dividends and 3 special dividends. Our mortgage portfolio currently stands at $219.55 million, with assets under management of $239.09 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 Q2 dividends of our 2023 fiscal year, according to our new target return of 8.75% simple interest and 9.04% compound interest.
Highlights for the quarter
- Mortgage portfolio of $219.55M
- The loan portfolio has an average loan-to-value (LTV) of 63%
- High-quality mortgage investment portfolio
GMIC – Mortgage Portfolio Analysis – As of March 31, 2023
By Mortgage Loan-to-Value Ratio (LTV):
- As of March 31st, 2023, the average loan-to-value (LTV) is 63%.
By Geographic Location:
By Mortgage Type:
By Mortgage Interest Rate:
By Mortgage Position:
* There is no guarantee of performance. Past performance may not be repeated.
We wish to thank you for being our investors and giving us your trust and support. It is our sincere hope that you and your families stay safe in these difficult times. It is our duty and pleasure to provide you with a performance that gives you peace of mind and stability in your investments.
Gentai Capital Corporation (Vancouver)
#200 – 3600 No. 3 Road,
Richmond BC V6X 2C1
Lending Department Office
Unit 805, North Tower, International Trade Centre,
8400 West Road, Richmond BC V6X 0S7
#228-505 Highway 7 E
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