What is a Mortgage Investment Corporation?

Mercury Mortgages Inc. has been appointed as the Manager of Mercury Mortgage Investment Corporation.

Mortgage Investment Corporation (MIC) is an entity whereby investors can invest their registered and non-registered investment by owning shares in the MIC.

The MIC Invests in a diversified and secured pool of residential and commercial mortgages that generate a high-yield. The interest income from these high-yield mortgages are then distributed to shareholders on a monthly basis as dividends (less a management fee). The benefits include:

•    Tax Free flow through investment vehicle which distributes 100% of its net income to its shareholders
•    A MIC is qualified to hold all forms of registered (RRSPs, RRIFs, TFSAs, RESPs and RDSPs) and non-registered investments.
•    Relatively stable high-yield returns
•    Diversification in mortgage pool
•    Secured by tangible assets and managed by experienced manager with a solid track record

For further information please email info@mercurymic.com