Our Series B preferred shares and Series H preferred shares redemption policy was developed to offer investors a clear path to redemption of capital with only such restrictions as we believe are required to maintain liquidity.
The policy provides for investor redemptions:
- After a minimum six-month hold
- Without penalty
- For 100 percent of invested capital
- 30 to 60 days after a written redemption request
Cash redemptions are limited to a monthly cap of $500,000 or 3% (whichever is greater) of the total capital in the pertinent share class after a hold period of 6 months.
Should there be requests for redemptions in excess of monthly caps, the Corporation has a resale mortgage network in place that will help provide a timely sale of the required portion of the mortgage portfolio. To the extent the Corporation is unable to satisfy all notices of redemption, the Corporation will satisfy all such notices on a proportionate basis with respect to the aggregate number of preferred shares represented by redemption notices. Any redemption notices (or portions thereof) which are not honoured shall be honoured on the following monthly redemption date (as defined in the Articles of the Corporation and the Corporation’s Offering Memorandum) with the Corporation redeeming any unsatisfied notices of redemption from the oldest to the newest before redeeming any preferred shares for the current month, subject in all cases to the Corporation’s right to suspend redemptions and the preferred share redemption limit described above.
OTHER KEY INFORMATION
We encourage you to learn more about EquityLine through the materials on this website. General background of the Corporation, our team, our investment strategy and risk factors can be found under the main headings “EquityLine MIC” and “Corporate”. Our corporate governance committees, charters and polices are provided under the subheading “Corporate Governance” under the main heading “EquityLine MIC”. Copies of other key documents including our unaudited quarterly financial statements and audited annual financial statements can be found under the subheading “Documents” under the main heading “Intelligence”. Under the main heading “Intelligence” you can also find our current news releases, videos and industry news and resources.
HOW YOU CAN BECOME A SHAREHOLDER
Our Series B Preferred Shares and Series H Preferred Shares are only available through Canadian registered dealers. We have engaged several exempt market dealers as selling agents. Eligibility to purchase is restricted to individuals who are either Accredited Investors or Qualified Investors under the Offering Memorandum Exemption, as those terms are defined by National Instrument 45-106 – Prospectus Exemptions in Canada. A registered dealing representative can help you determine whether investing in EquityLine is suitable for you. Please check with your financial advisor or dealing representative or connect to a dealing representative through one of our engaged exempt market dealers to obtain and discuss the documents below:
- Offering Memorandum
- Subscription Agreement
- Distribution Reinvestment Form
- Redemption Form
Potential investors should carefully review the underlying risks and tax implications of any securities they want to add to their portfolio before investing.