It's simple. Higher income.
- 8% Annual Return
- Monthly USD$ Dividends
- Canadian Mortgage Secured
Investing through the JSE
EquityLine Mortgage Investment Corporation (JSE:ELIMIC) Series A Preferred Shares have been listed on the Jamaica Stock Exchange US Dollar Equities Market since February 2019. We’re proud to participate in the growing Jamaica capital markets and successfully raised US$5.6 million in our initial public offering (IPO).
Our Investment Strategy
Reduces Risk
We preserve capital while generating consistent monthly dividends
through an historically proven investment strategy that mitigates risk.
Rigorous underwriting policies and practices
EquityLine only lends to credible, qualified borrowers. Our underwriting policies and practices have been reviewed and approved by a Tier 1 Canadian Bank.
Short-term loans on residential homes (less than 12 months)
By focusing on short-term loans only, EquityLine significantly mitigates the effects of real estate market dips or corrections. Mortgage loans historically average 8 months, never more than 12 months.
Maximum 80% LTV (loan-to-value)
This leaves a minimum 20% buffer in case of real estate market fluctuations. Historically, EquityLine’s mortgage portfolio LTV ratio is 73%.
Focus on residential home mortgages within the GTA
Residential mortgage defaults are historically lower than commercial or industrial mortgages. The Greater Toronto Area (GTA) continues to drive strong quality mortgage demand.
Experienced management team guided by an independent board of directors
EquityLine management team has over 100 years of real estate and investing experience. The team is supported by an independent board of directors with extensive knowledge of financial services, regulatory matters, and publicly traded reporting experience.
Most Recent Filings
For up-to-date information on Equityline MIC Series A Preferred Shared, please review our quarterly and annual financial reports, and news released filed on the Jamaica Stock Exchange website under the symbol ELMIC.
Latest EquityLine MIC Financial Report
EquityLine MIC Series A Prospectus
Qualified investors can invest $5,000 or
more
EquityLine MIC Series B or Series F
preferred shares
Series B Preferred Shares
- Available through exempt market dealers
- 8% cumulative annual dividend, target 10%, paid monthly
- Eligible for registered plans
Series B Preferred Shares
- Available through financial advisors (IIROC) and portfolio managers
- 8.5% cumulative annual dividend, target 10%, paid monthly
- Eligible for registered plans
- Monthly redemptions
Learn more about our offerings
Frequently asked questions
If you’re resident in Jamaica, carefully review the Prospectus and then speak with a licensed Jamaican broker-dealer to arrange the purchase of EquityLine MIC Series A Preferred Shares.
If you’re a global investor outside Jamaica, carefully review the Prospectus and then contact us so we can connect you with a licensed broker-dealer in Jamaica.
EquityLine MIC lends funds to qualified borrowers secured by a mortgage (debt) on their property. Irrespective of a possible real estate market downturn, borrowers are obligated to pay their contracted payments or risk foreclosure on their property. To date, as of April 2022, EquityLine MIC has not experienced a mortgage foreclosure within the mortgage portfolio.
However, in the event of a foreclosure, EquityLine MIC mitigates a potential decline in property value in two primary ways: Mortgages have a maximum loan-to-value (LTV) of 80%. This means the market value of a property would need to decline by over 20% before any potential losses through the foreclosure process are realized. Historically, EquityLine MIC mortgage portfolio has averages between 71% and 74% LTV.
Our maximum loan term for any mortgage is 12 months and historically the portfolio’s average term length in 8.3 months. This policy limits exposure to market downturns over the long term.
Investors can invest in the real estate market to generate income through both Mortgage Investment Corporations (MICs) and Real Estate Investment Trusts (REITs) – but the underlying structure is very different. A MIC holds a portfolio of loans (debt) secured by property (mortgages). A REIT invests in physical structures (assets) such as apartments, shopping malls and pipelines (buildings and infrastructure).
For an in-depth look at the MIC
opportunity and EquityLine’s
approach, read our book
Mortgage Investment Corporations: Uniquely Canadian & Globally Available
How can I invest?
If you’re resident in Jamaica, carefully review the Prospectus and then speak with a licensed Jamaican broker-dealer to arrange the purchase of EquityLine MIC Series A Preferred Shares.
If you’re a global investor outside Jamaica, carefully review the Prospectus and then contact us so we can connect you with a licensed broker-dealer in Jamaica.
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