Our top priority is preserving capital, followed by generating returns.
CURRENT INVESTMENT OPPORTUNITY
Series A-3 – Trust Units
The 2023 return was 8.01%, with a projected return of 8.75% to 9% for 2024*. All returns assume dividends are reinvested.
Series P – “Preferred” Trust Units
Series P units receive returns prioritized over Series A units and are benchmarked against Bank of Canada yields. These units are available exclusively to Institutional and Accredited Investors.
Please contact us for further details.
Key Information About Our Trust Investment:
ALIGNMENT WITH INVESTORS
All fees (including lender, service, and others) are paid into the capital pool, so investors benefit from all fees earned by management.
INVESTMENT
STRATEGY
Capital is invested in a diversified portfolio of short-term mortgages, primarily residential and residential construction mortgages in Canada’s urban markets. Unless unanimously approved by our Credit Committee, loan-to-value ratios rarely—if ever—exceed 75%.
PROFIT PARTICIPATION UPSIDE
Series A unit-holders may share in any excess net profits once the hurdle rate has been met. The excess profit is split 70% to Series A unit-holders and 30% to the Fund’s Manager.
FIRST
INVESTOR
Equivan Capital Corp (EVCC), fully owned by Michael McHarg, has made the initial $1 million investment into Series A units, which are subordinated to all other investment units. EVCC does not receive distributions until all other unit-holders have been paid.
INVESTMENT
OBJECTIVE
Preservation of capital with a steady return.
FREQUENCY OF PAYMENT
Monthly, paid in cash or as reinvested units (DRIP).
MINIMUM SUBSCRIPTION
10 units – $10,000 (excluding institutional units)
MANAGER
Equivan Fund Management Ltd.
MANAGEMENT FEE
Starting at 1.25% per annum (may be higher for different series units).
Errors and omissions excepted. All figures are annualized and calculated assuming reinvested distributions. Past performance is not indicative of future returns. Returns are based on audited financial statements.
How To Invest
Units in the trust are eligible for TFSA, RRSP, RRIF, LIF, RESP, and LIRA accounts, and can be held in registered accounts at financial institutions. Professionals included in sub-advisory roles consist of portfolio managers, research analysts, associates, and traders only.
The securities described herein are being offered under an Offering Memorandum. In British Columbia, this generally makes them available to most investors, subject to suitability as determined by certified investment institutions and their representatives. Rules in other jurisdictions may differ. Accredited and otherwise eligible investors are also welcome.
All information provided here is qualified by the Offering Memorandum, which prospective investors should review carefully in consultation with their professional advisors. This document does not constitute a formal offering.