KINGSTON, Jamaica, February 6, 2019 — Sagicor Investments today listed the first Canadian-based company – Equityline Mortgage Investments Corporation (ELMIC) – on the Jamaica Stock Exchange (JSE).
With this accomplishment, the company, which raised US$5.3 million from this initial public offering, has intentions to cross-list on the Toronto Stock Exchange (TSX) in the next six months, said Sagicor Investments.
The IPO received 140 applications and sold more than two million units.
Local investors were offered US$10 million in preference shares at a price of US $2.00 per share.
Equityline, in its prospectus, said local investors will receive returns of eight per cent per annum in monthly dividends.
EquityLine Mortgage Investment Corporation is a Canadian mortgage investment corporation (MIC) incorporated under the laws of the Province of Ontario and located in Richmond Hill, Ontario. The EquityLine MIC was founded in 2018 and is listed on the Jamaica Stock Exchange (www.jamstockex.com) under the symbol ELMIC.
For more information please contact:
EquityLine Mortgage Corporation
Sergiy Shchavyelyev, CEO