READY CAPITAL MORTGAGE INVESTMENT TRUST
The Canadian-based mutual fund trust company, Ready Capital Mortgage Investment Trust, has recently released its 2021 audited financial reports. The Trust had an impressive 8.37%annual return and has set the date for its Annual General Meeting (AGM).
Ready Capital MIT, which has performed exceptionally well since its formation in February 2019, is scheduled to hold its virtual AGM on April 21st, 2022 at 1 pm EST.
“I am ecstatic to announce this important milestone for Ready Capital Mortgage Investment Trust. We are very proud that we are exceeding our targeted returns for our investors and target growth in our first three years.” Said Christine Xu, President/Trustee of Ready Capital MIT.
At the end of December 31, 2021, Ready Capital’s assets under management were over $42 million with 424 Investor accounts. As of today, the number of Investors has grown to over 500 with over $50 million in assets under management.
“Safeguarding investment capital while achieving higher returns for our investors is our ultimate goal. It requires lots of discipline and creativity in our mortgage investment strategies. We have looked at every mortgage investment opportunity at its own merit. Our experienced mortgage risk management team has done an excellent job.” Christine added.
Ready Capital Mortgage Investment Trust is a Mutual Fund Trust registered in Ontario and distributed through its dealing representatives at Belco Private Capital throughout most of Canada. Its targeted return to investors is 8%+ annually and distributed monthly. As a qualified mutual fund trust, Ready Capital MIT is required to distribute 100% of its profits to investors after the year-end audit.
Ready Capital MIT, which has performed exceptionally well since its formation in February 2019, is scheduled to hold its virtual AGM on April 21st, 2022 at 1 pm EST.
“I am ecstatic to announce this important milestone for Ready Capital Mortgage Investment Trust. We are very proud that we are exceeding our targeted returns for our investors and target growth in our first three years.” Said Christine Xu, President/Trustee of Ready Capital MIT.
At the end of December 31, 2021, Ready Capital’s assets under management were over $42 million with 424 Investor accounts. As of today, the number of Investors has grown to over 500 with over $50 million in assets under management.
“Safeguarding investment capital while achieving higher returns for our investors is our ultimate goal. It requires lots of discipline and creativity in our mortgage investment strategies. We have looked at every mortgage investment opportunity at its own merit. Our experienced mortgage risk management team has done an excellent job.” Christine added.
Ready Capital Mortgage Investment Trust is a Mutual Fund Trust registered in Ontario and distributed through its dealing representatives at Belco Private Capital throughout most of Canada. Its targeted return to investors is 8%+ annually and distributed monthly. As a qualified mutual fund trust, Ready Capital MIT is required to distribute 100% of its profits to investors after the year-end audit.
In the first 11 months of 2019, the Trust achieved 8.11% ROI. Each unit earned an additional income distribution of 25 cents.
In 2020, the Trust achieved 8.48% ROI with each unit earning an additional 27 cents at year-end.
In 2021, the Trust achieved 8.37% ROI with each unit earning an additional 25.6 cents at year-end.
Since its inception in February 2019, Ready Capital MIT has distributed to investors a grand total of $4.5 million in monthly interest distributions which includes an additional $220,000 in bonus. If an investor had invested $100,000 in the Trust from inception, as of March 31, 2022, that $100,000 would have grown to $129,724.48 which translates to 29.58% ROI.
Assuming the same $100,000, the following chart shows the return rate to the Ready Capital MIT investors from February 1, 2019 to December 31, 2021.
In 2020, the Trust achieved 8.48% ROI with each unit earning an additional 27 cents at year-end.
In 2021, the Trust achieved 8.37% ROI with each unit earning an additional 25.6 cents at year-end.
Since its inception in February 2019, Ready Capital MIT has distributed to investors a grand total of $4.5 million in monthly interest distributions which includes an additional $220,000 in bonus. If an investor had invested $100,000 in the Trust from inception, as of March 31, 2022, that $100,000 would have grown to $129,724.48 which translates to 29.58% ROI.
Assuming the same $100,000, the following chart shows the return rate to the Ready Capital MIT investors from February 1, 2019 to December 31, 2021.
| Year | Compounded | Non-Compounded |
| 2019 | 8.55% | 8.25% |
| 2020 | 8.57% | 8.27% |
| 2021 | 8.556% | 8.256% |
Ready Capital MIT is expecting another growth in 2022. With global inflation insight, political and economical environmental in turmoil uncertainty, increasing pressure in government fiscal and monetary policies, very volatile stock markets and tightened banking guidelines, consumers are facing great difficulties in obtaining conventional financing from the bank. Ready Capital MIT provides solutions for borrowers to achieve their financial goals.
“Our moto is Empowering Financial Stability. Connect with us and grow with us! “Says Christine Xu. “Invest for your future. There is no better time than now!”
“Our moto is Empowering Financial Stability. Connect with us and grow with us! “Says Christine Xu. “Invest for your future. There is no better time than now!”
****** A Breakdown of Ready Capital Mortgage Investment Trust’s Fund Facts ******
- Passive interest income investment;
- Anticipated annual return at 8%+ (8.3%+ for compound interest)*;
- Fixed monthly interest distribution*;
- Eligibility for RRSP/TFSA. Personal and Corporate accounts*;
- Minimum investment starting from $25,000 ($5000 in Ontario)*;
- Investment has no locked-in period*;
- All investments are mortgage secured by real estate properties in Ontario, Canada*
The 2021 Ready Capital Mortgage Investment Trust
Annual General Meeting Announcement (AGM)
Annual General Meeting Announcement (AGM)
The official 2021 Ready Capital Mortgage Investment Trust’s virtual Annual General Meeting (AGM) is scheduled to be held as follows:
- Time: Thursday, April 21, 2022 at 1pm EST
- Please click here for AGM registration
*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
Contact:
Ready Capital Mortgage Investment Trust
Add: 4491 Hwy 7，Unionville，ON L3R 1M1
Tel: 905-305-1539
Fax: 905-305-8982
E-mail: readycapital@belcopc.com
