NO ANNUAL FEES!
Annualized Dividend Rate
Tax Free Savings Account (TFSA)
Registered Retirement Savings Plan (RRSP)
Registered Retirement Income Fund (RRIF)
What is a MIC?
A Mortgage Investment Corporation (MIC) is a corporation specifically designed to invest in real estate financing. It gives individuals the opportunity to invest in a pool of diversified and secured mortgages. Investors purchase Preferred Shares in the MIC and receive a proportional interest in the fund's portfolio and the income it generates. Our MIC holds only first place real estate loans and operates with specific investment criteria outlined in our Offering Memorandum filed with the BC Securities Commission annually. All loans are secured by first mortgages on BC or Alberta real estate and pass a vigorous underwriting process by a lending committee.
Please note: Initial Investment is $15,000 minimum
Contact us today to find out more and become a First Island investor!
We offer no annual fee on registered accounts with our Trustees.
Convenience of regular quarterly payments with the option of payment or reinvestment.
Who are First Island's Trustees?
Informational Handouts [PDF]