Attractive returns for your tomorrow

A MIC is financed by investors who put their money into a pool to fund groups of mortgages. All of the individual investors hold shares in the MIC. Once your money is invested in a MIC, the management company deals with the administration of the investments, including selecting the mortgages that are funded and managing the administration of the company.

If an individual investor funds 100% of an individual mortgage and holds the mortgage directly, they are solely responsible for sourcing and evaluating the mortgage investment, negotiating the interest rate and all other applicable administrative activities. In this case, the individual investor would also be responsible for ensuring timely payments and dealing with problems that may arise in the event of a default.

Canadians and non-residents may subscribe to Magenta shares. Factors such as your net worth, current income, and risk tolerances are considered when determining if investing in Magenta is right for you. Investors may hold their shares individually, jointly, in trust, in a corporation, or in other vehicles such as self-directed RRSP, RRIF or TFSA with the assistance of a trustee. 

Please reach out to us today to discuss your potential investment with Magenta. 

Yes, our shares are RRSP, RRIF, RESP, LIRA, LIF, and TFSA eligible.

All shareholders receive the annual audited statements and an individualized statement reflecting dividend calculations and share-related activity. Additionally, they receive quarterly financial statements prepared by management. Shareholders holding shares outside of a registered plan will also receive a T5, reflecting the amount of their annual taxable dividend. Activity within the fund pertaining to shares held within an RRSP, RRIF or TFSA will be reflected in the statements provided by the registered plan trustee.

In addition to the delivery of quarterly statements, shareholders can create a profile on our Investor Portal where they can view their balances & produce up-to-date statements. We welcome shareholder inquiries at any time and are always happy to discuss company results and progress.