Capital Asset Income Fund
Capital Asset Income Fund is a Canadian trust established to focus on providing a steady stream of monthly distributions to investors by accessing the returns from the portfolios of residential mortgage loans held in two master funds. The master funds are comprised of the Mortgage Company of Canada Inc. (“MCOCI”), a mortgage investment corporation, and First Mortgage LP (“FMLP”) a mortgage loan-related limited partnership (collectively, the “Master Funds”). The Master Funds – both managed by Capital Asset Lending Inc. – focus on borrowers with conservative loan-to-value ratios purchasing single-family, entry-level homes primarily located in the Greater Toronto Area and other urban Ontario centers. The weighted average term-to-maturity of loans in the Master Funds is less than one year.
Why Invest?
- Investors who are seeking income
- The Fund seeks to provide stable monthly distributions to unitholders
- Monthly distributions are currently targeted to yield 8% (Class F) and 7.25% (Class A)
- Returns are intended to have low correlation to both the public equity and fixed income markets
- The portfolio is constantly turning over providing a good source of liquidity
- Capital Asset Lending Inc. is one of Canada’s largest private providers of residential mortgages
- Suitable for investors seeking income and who can tolerate low to medium risk
Fund Details
| Class A | Class F | ||
| SPA2100 | SPA2102 | ||
| Class A | Class F | ||
| 1.25% | 0.25% | ||
