Wealth of Expertise
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RISK MITIGATION AND CAPITAL PRESERVATION
CONSISTENT RETURNS FOR OVER A DECADE
PHL has generated steady, consistent returns since its inception in 2006.
A Mortgage Investment Corporation (“MIC”) is an investment and lending company that allows investors to pool funds in a diversified and secured portfolio of residential and commercial mortgage loans. Shares of a MIC are qualified investments under the Canadian Income Tax Act (Section 130.1) for RRSP’s, RRIF’s, TFSA’s, LIRA’s, LIFF’s and RESP’s. The Income Tax Act requires that 100% of a MIC’s annual net income be distributed to its shareholders.
The chart above illustrated the growth of a $100,000 investment since inception with compounding quarterly dividends only and no additional contributions.
We offer financing primarily in Metro Vancouver and the Fraser Valley only, where both markets exhibit long-term stability, growth and liquidity.
All mortgages are reviewed by our four-member credit committee.
Our mortgages never exceed 75% of the appraised property value.
Every application requires a current appraisal prepared by a qualified and internally approved Appraiser.
All mortgage security prepared and reviewed by qualified legal counsel.
These lending guidelines continue to help PHL successfully navigate the risks associated with real estate investment.
Shareholders will be entitled to receive dividends on a quarterly basis. Dividends may be taken as cash or reinvested as additional shares. Dividends reinvested as additional shares will qualify for future dividends.
Dividends are paid out as follows:
Sept 1 – Nov 30
Dividend paid out by Dec 31st
Dec 1 – Feb 28
Dividend paid out by Mar 31st
Mar 1 – May 31
Dividend paid out by June 30th
June 1 – Aug 31
Dividend paid out within 90 days of fiscal year end