Dundarave Mortgage Investment Corporation
DMIC has only one goal: to preserve your capital and to provide superior returns from secured, low-risk mortgage investments.
Dundarave Mortgage Investment Corporation is a “Mortgage Investment Corporation” (commonly referred to as a “MIC”) licensed by the Financial Institutions Commission of British Columbia.
Mortgage Investment Corporations are creatures of the Income Tax Act of Canada. They are unique corporate structures that allow for the flow-through of interest income and capital gains to their investors.
Although they have existed for many years, MIC’s are still relatively uncommon investment vehicles. This is somewhat ironic given the superior returns to investors over the long-term. (Typically, annual returns are in the range of 8%-11%.) The explanation for their rarity may have more to do with the inability of “investment advisors” to earn trailer fees from MIC’s. In most cases, investors must deal directly with MIC’s and as such, they have 
remained off the radar screen of the majority of investors. However, as in most transactions, dealing directly cuts out the “middle men” and put higher returns into the pockets of the investors.
Investors in Dundarave Mortgage Investment Corporation subscribe for Preference Shares issued at $1.00 each. Funds are pooled with other investors and invested into a diversified pool of mortgages providing both security and liquidity. Investors receive a quarterly payment equal to their pro-rata share of the income received by Dundarave for that financial period. Investors can receive either a cash payment or reinvest their profit to compound their earnings.
Dundarave is structured as an investment vehicle that qualifies for all types of Canadian registered savings and pension plan investments, including the RRSP, RRIF, LIRA, LIF, LRIF, IPP, RESP, and the TFSA.
