Sun Country MIC Investment Redemption
Funds invested in Sun Country Mortgage Investment Corporation (MIC) are pooled and investors share in the corporation’s revenues as soon as investment funds are received. Sun Country investors are shareholders in the MIC.
Under Section 130.1 of Canada’s Income Tax Act, all investments must be used for mortgage investments in Canada. A flow-through investment vehicle, a MIC distributes 100% of its net income to its shareholders.
MIC investors can request redemption of their share investment at any time. Due to the often large investors’ pool and the number of mortgages invested in, shareholder dividend payments are usually quite stable, providing the MIC liquidity.
However, specific rules and procedures exist which govern the investment redemption process. These rules can be viewed within the Sun Country MIC Offering Memorandum
Under offering memorandum provisions, a preferred shares holder, providing 18-months’ advance written notice to the corporation, can request that the whole or any part of their redeemable shares be redeemed. If shares are redeemed after the fourth anniversary of the date of issuance, there is no administrative charge. See Offering Memorandum for redemption rates.
Please complete redemption request form
Please consult Sun Country MIC for additional information
For more information, investors are encouraged to review the Articles of Incorporation of Sun Country MIC by appointment only during normal business hours during the course of this Offering at the Corporation's business office situated at:
SUN COUNTRY MORTGAGE INVESTMENT CORPORATION
Suite 200, 136-17 Avenue NE Calgary, Alberta T2E 1L6
Phone: (403)291-9795 Fax: (403) 291-7016
Toll Free: 877-291-9795
For more information on share offerings, rights and obligations, please review an offering memorandum.
If you have any questions about Sun Country MIC,
or you would like investment information, please contact us.
