The private mortgage market earns greater returns for investors than savings accounts and GICs without exposing investors to the volatility of stocks and mutual funds. Generally, MICs tend to be more stable than equities and more secure than corporate bonds.
A diverse portfolio has a mix of different kinds of assets that help increase returns and protect capital from undue risk. That’s why you’ll often hear people say “Don’t put all your eggs in one basket”. A well-diversified portfolio includes exposure to real estate, which 460 MIC provides through mortgage lending. Furthermore, 460 MIC is itself diversified, made up of a broad group of mortgages in a variety of different projects, regions and sectors.
Distributions are paid annually on or before November 30th of each year. For those not participating in the dividend reinvestment plan, your funds will be sent to your last known address by cheque unless you make arrangements with us for direct deposit. For shareholders with shares held in registered accounts, the funds will be sent to your Trust Company.
460 MIC is eligible for most registered plans including RRSPs, TFSAs, RRIFs, RESPs and LIRAs. RRSPs allow you to defer paying tax on your 460 MIC dividends until you withdraw the money from your plan or transfer it to your RRIF. With TFSAs, the money you earn from 460 MIC is immediately available for tax-free withdrawal. In both cases, you can choose to reinvest your dividends and continue to shelter them from the taxman—a great way to maximize growth.
460 MIC has an established trust company relationship and we’re here to help. For more information or to make a registered investment in 460 MIC, please contact Priyanka Sharma at 250.591.4601 or email her at email@example.com.
Reinvesting allows you to experience the benefits of compounding to grow your money faster. Here’s what $50,000 invested in 460 MIC in 2014 would be worth today. Ask us about our Dividend Reinvestment Plan (DRIP).