Royal Canadian Mortgage Investment Corporation is an incorporated company established under the laws of the Province of Ontario, pursuant to the Articles of Incorporation dated November 21, 2012. It is intended to qualify as a "Mortgage Investment Corporation" under the provisions of the Tax Act.
The head office of the Company is located at 6 Ronrose Dr., Suite #301, Vaughan, Ontario, L4K 4R3. The Board of Directors is responsible for the general control and direction of the Company. The Company is focused on mortgage loans secured by real property primarily situated in the Province of Ontario.
The Company's long-term objective is to provide stable and secure cash distributions from its direct and indirect investments in mortgage loans in its target market segments, with the goal of obtaining favorable yields and maximizing distributions and share value through the efficient sourcing and management of a geographically diverse portfolio of real property mortgage investments in Canada.
The objective of the Company is to generate income from its mortgage loan investments. The Company will benefit from the Mortgage Manager's experience in originating, underwriting, syndicating, and servicing mortgage investments. Any mortgage investments will be subject to specific investment policies, and the operation of the Company will be governed by specific operating policies. These policies were established based on the historical practices of the Mortgage Manager, whose principals have been successfully operating in the mortgage investment industry since 1980. The Company intends to continue pursuing a strategy of growth through additional investments in commercial and residential mortgages that are currently underserved by Canadian banks and other lending institutions. The Company is well positioned to expand its portfolio by focusing on underserved market niches within the real estate lending market and intends to grow its mortgage assets by accessing further capital through additional capital contributions.
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