Ready Capital Mortgage Investment Trust held its fourth Annual General Meeting on April 19th, 2023 in Markham, Ontario. Close to 300 valued investors and guests were in attendance. This significant event marked a celebration of the Trust’s 4 years of success story.
During the meeting, CEO and Trustee Christine Xu delivered a keynote speech, expressing gratitude to all partners and team members. Notably, all initial partners have remained with the Trust since its inception on February 1st, 2019. This is a testament to Ready Capital’s stability, leadership, and diligent investment strategies.
Ready Capital Mortgage Investment Trust continues to demonstrate its strength, with a fund asset under management of over $62 million and 516 investor accounts by December 31, 2022. The Trust achieved an impressive return on investment (ROI) of 8.23% in 2022, with an additional distribution per unit of 20.28 cents. This achievement builds on the trust’s consistent outperformance, including a return of 8.37% in 2021, 8.48% in 2020, and 8.11% in 2019.
Ready Capital Mortgage Investment Trust 4th Annual General Meeting
Ready Capital Mortgage Investment Trust is a mutual fund trust, a debt fund. The Trust’s sole investment option is private mortgages, currently all in Ontario. Investors are drawn to Ready Capital Mortgage Investment Trust because of its passive, stable, and flexible investment strategy with also excellent returns.
Ready Capital Mortgage Investment Trust is managed by a skilled and experienced team lead by its CEO Christine Xu who has over 30 years of experience in the Canadian banking and investment field. Xu is a five-time recipient of the “Alternative Broker Specialist of the Year” award and has twice been named to the “Mortgage Global 100” list.
Investors can access Ready Capital Mortgage Investment Trust through TFSA/RRSP/LIRA/RRIF and regular savings account (individual/corporate accounts) with a minimum investment of $25K. The Trust is available through Exempt Market Dealer Belco Private Capital and Genesis Wealth Management Corp, and the Administrator is Falcon Ridge Management. The registered accounts are administrated by Olympia Trust Company. AUM Law Firm is the Securities Counsel and Segal GCSE LLP is Auditor.
In summary, Ready Capital Mortgage Investment Trust’s fourth Annual General Meeting marked a significant milestone in the Trust’s journey, showcasing its stability, leadership, and impressive performance. The Trust’s continued success and commitment to delivering passive, stable, and flexible investment options with excellent returns speak to its dedication to empowering financial stability and preserving investment capital for its valued investors.
Contact information:
Ready Capital Mortgage Investment Trust
4491 Hwy 7, Unionville, ON L3R 1M1
Office: 905-305-1539 Fax: 905-305-8982
Email: info@readycapital.ca
www.ReadyCapital.ca
*Disclaimer: Please note the information provided in this press release is for reference only. It does NOT constitute an offer, or solicitation by any person in any province or territory of Canada. Any offering is made only pursuant to the relevant offering memorandum together with the relevant subscription agreement, both of which should be read in their entirety. No offer to sell securities will be made prior to receipt of these documents by the offeree, and no offer to purchase securities will be accepted prior to completion of all appropriate documentation. Ready Capital Mortgage Investment Trust has engaged Belco Private Capital Inc (“Belco”) as its Exempt Market Dealer. Introductions are permitted exclusively through registered exempt market dealers. If you are interested in investing in Ready Capital MIT, please contact a registered dealing representative with Belco. PAST OR PRESENT PERFORMANCE HAS NO PREDICTIVE VALUE AND IS NOT AN INDICATOR OF FUTURE PERFORMANCE