AWM DIVERSIFIED MIC

(Mortgage Investment Corporation)

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Investing in AWM Diversified MIC

 

AWM Diversified MIC was created in 2004, and is comprised of primarily owner-occupied residential properties that invest in first and second mortgages across Western Canada and Ontario. Each loan in Diversified MIC’s portfolio has a loan-to-value ratio of 90% or less at the time of funding.

  •  $10,000
  • Accredited Investor: BC, AB, SK, MB, ON
  • RRSP, RRIF, RESP, TFSA, LIRA, LIF, Spousal RRSP
  • Olympia Trust Company
  • Computershare
  • June 2004
  • Q1 – June 30
  • Q2 – September 30
  • Q3 – December 31
  • Q4 – March 31
  • Paid monthly if cash flow permits and subject to applicable law
  • Up to $60,000,000
  • Czechowsky, Graham & Hanevelt Chartered Accountants
  • McLeod Law LLP

PORTFOLIO SUMMARY

Figures as of September 30, 2020

Assets Under Management:* $129,090,603.54

Number of Mortgages: 683

Weighted Loan to Value**: 69.02%

* Calculated as loans outstanding divided by the value of the property secured. The properties included in the weighted LTV calculation are of similar property types as 98.12% of the assets under management are residential properties. 

** This is the value of the mortgages that are in the fund

Primary Residential Mortgages

The AWM Diversified MIC loan portfolio is comprised of primarily residential properties.

Entirely Canadian

All mortgages in the AWM Diversified MIC portfolio are located in Canada.

Fund Manager

AWM Diversified MIC's fund manager, Alta West Capital, has been operating since 1991. It has a management team that consists of three Directors, all of whom are actively involved in the performance of AWM Diversified MIC.

Mortgage Size

As of September 30, 2020, the average mortgage loan amount was $189,005.28. There are no loans in AWM Diversified MIC's loan portfolio which exceed 10% of the total assets of the MIC.

Diversification

An investment in AWM Diversified MIC may help diversify your portfolio of investments.

Loan-To-Value

Each loan in the AWM Diversified MIC's portfolio has a 90% maximum Loan-To-Value (LTV) ratio as at the time of funding. Currently, the weighted LTV of the portfolio is estimated to be 69.02% (as of September 30, 2020).

AWM Diversified MIC Stats

Past performance is no guarantee of future results. Actual performance will vary. There is no assurance AWM Diversified MIC will achieve its objectives or be able to pay dividends consistent with historical payments. As such, dividends are subject to all the risks of AWM Diversified MICʼs operations and industry and investments generally, including the ability of borrowers to make applicable payments under mortgages comprising AWM Diversified MICʼs portfolio, real estate values, interest rates, unexpected costs, competition, the economy generally, and other factors beyond the control of AWM Diversified MIC. There is liquidity risk as preferred shares of AWM Diversified MIC are not publicly traded and you may be unable to sell or redeem them in a timely manner, or at all. For a detailed list of additional risk factors related to an investment in preferred shares of AWM Diversified MIC, see the Investment Risk section in the Alta West Capital Relationship Disclosure Document.

 

The information contained herein is current to the date indicated. Neither Alta West Mortgage Capital Corporation nor AWM Diversified MIC makes any representations or warranties about the accuracy or completeness of the information contained. Any applied warranties, whether statutory or otherwise, on any such matters are hereby expressly excluded to the full extent permitted by applicable laws. Neither Alta West Mortgage Capital Corporation nor AWM Diversified MIC assumes any obligation to update or revise this webpage to reflect new events or circumstances other than as may be required by applicable laws.

 

Alta West Mortgage Capital Corporation is registered as an Exempt Market Dealer (“EMD”), Restricted Portfolio Manager (“RPM”) and Investment Fund Manager (“IFM”) in the province of Alberta. The firm is also registered in the provinces of British Columbia, Manitoba, Ontario and Saskatchewan as an EMD. This brochure is directed only to residents of those provinces. The information set out herein is for general information purposes only and does not constitute a solicitation to purchase or sell securities. Important information regarding AWM Diversified MIC is set out in its Offering Memorandum which should be reviewed prior to investment. Please contact us for a copy of this document