Welcome to the EquityLine MIC

Welcome to the EquityLine Mortgage Investment Corporation (MIC). Our MIC is a way for people to come together and invest in real estate to an amount that best suits their individual financial plan. How is this accomplished? The accumulated pool of money is invested in carefully selected mortgages backed by real estate properties. The interest from those mortgages is paid to investors in the form of a monthly dividend. Simple. Well rewarded. Efficient.

Latest Investment Offering

We encourage you to review our latest video profiling our Series B Shares and the supporting documents below.

Monthly Dividends for Private Market Investors

EquityLine Mortgage Investment Corporation (EquityLine MIC) provides investors an opportunity to generate a stable, predictable monthly dividend through a purchase of Series B shares in the EquityLine MIC. These shares have delivered a historical 8% annualized rate of return with a targeted rate up to 10%, paid monthly.

Investors who purchase these shares participate in a pool of 1st and 2nd mortgage investments on prime urban residential properties in the Southern Ontario region of Canada.

Taxation of  Dividends

Under Section 130.1 of the Income Tax Act (Canada), mortgage investment corporations (“MIC”) such as EquityLine MIC do not pay income tax as long as 100% of the profits/dividends they earn are given to their shareholders. Normally, these dividends are taxed in the shareholders’ hands as interest. This tax treatment of MICs by the Canada Revenue Agency avoids the double tax that corporations pay on interest income.

Deferred Income Plan Eligibility

Our Series B Preferred Shares and Series H Preferred Shares are considered qualified investments under the Income Tax Act (Canada) for a trust governed by a registered retirement savings plan (“RRSP”), a registered retirement income fund (“RRIF”), a deferred profit sharing plan, a registered disability savings plan (“RDSP”), a tax-free savings account (“TFSA”) and a registered education savings plan (“RESP”) (collectively, “Plans”), provided that the Corporation qualifies as an MIC throughout the taxation year and further provided that, at any time in the relevant calendar year, the Corporation does not hold any indebtedness, whether by way of mortgage or otherwise, of a person who is an annuitant, a beneficiary, an employer or a subscriber under (or a holder of) the Plan or of any other person who does not deal at arm’s length with that person.

Investing in an MIC like EquityLine MIC can be attractive for these kinds of Plans because MICs are not subject to taxation and Plans do not pay any tax on the interest they are estimated to receive. It is important, however, to speak with your financial and tax advisors before investing in an MIC to determine if it is a suitable investment for you and your Plan.

Flexible redemption

A significant benefit of this investment is the ease of redemption. Most investors prefer to buy and hold. However, we recognize that that some may choose to redeem. For those who do, we make provide flexibility.

Our investor redemption policy was developed to offer investors a clear and rapid path to redemption of capital with only such restrictions as are required to maintain fund 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.

Eligibility

Eligibility to purchase is restricted to individuals who qualify as defined by Canadian regulators. Please check with your financial advisor or dealer representative to determine your level of eligibility.

Restrictions On Transferability And Resale

The Series B Preferred Shares are subject to restrictions respecting transferability and resale, including a restriction no shareholder can trade the shares before the date that is four months and a day after the date the Corporation becomes a reporting issuer in any province or territory of Canada.

The Corporation is not a reporting issuer in any province or territory of Canada, and therefore the Series B Preferred Shares are subject to an indefinite hold period. The Series B Preferred Shares are only available to potential investors through exempt market dealers.

How To Become A Shareholder

Our Series B Preferred Shares and Series H Preferred Shares are 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. Alternatively, you can click on the "Subscribe" button below and connect with Altravest a DIY online platform sponsored by TonekGX, an exempt market dealer. 

Canadian or International investors can subscribe to Class B Preferred Shares at $10.00 per share by clicking the "Subscribe" button.

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