Seeking Monthly Income? Spartan launches the Capital Asset Income Fund

Jan / 10 / 25

 

 

Spartan has recently launched the Capital Asset Income Fund for investors seeking monthly income.

 

The Fund provides access to two residential mortgage loan funds – the Mortgage Company of Canada Inc. (“MCOCI”) and First Mortgage LP (“FMLP”) – managed by Capital Asset Lending, one of Canada’s largest private providers of residential mortgages.

 

The underlying loans are short-term – the weighted average term-to-maturity is less than one year – and focuses on borrowers with conservative loan-to-value ratios purchasing single-family houses in the Greater Toronto Area and other urban Ontario centers (with minimal condo exposure, and no commercial, construction or land development lending).

 

Why Invest?

• The Fund is currently targeted to yield 8.6% (Class ‘F’) and 7.5% (Class ‘A’)
• Historically low correlation to both equity and fixed-income markets
• No missed distributions for both underlying funds
• Mortgages are short-term mortgages (< 1 year) so all have been qualified based on current interest rates and valuations
• No historical loss experienced on share capital
• Eligible for registered accounts

 

For more details of this offering please CLICK HERE  or contact our sales representative Paul Patterson (ppatterson@spartanfunds.ca) who would be pleased to provide you with more details.