THE ALTA PACIFIC MIC
THE MORTGAGE INVESTMENT CORP.
Alta Pacific Mortgage Investment Corp. (MIC) is a Western Canadian private mortgage fund. The mortgage fund targets an 8%+ annual return to its investors and has achieved this target return in since 2009 fiscal year (12.75% in 2009, 12.21% in 2010, 11.65% in 2011, and 9.51% in 2012). Alta Pacific is a great choice for Canadians looking for a safe and reliable home for their registered funds (e.g. RRSP) and open investments. Investor returns can be re-invested through the company’s share re-investment program or withdrawn through cash dividends issued to investors as often as monthly.
Alta Pacific MIC is an Exempt Market Security which means investors place funds through approved Financial Advisors. Advisors, financial planners, interested investors, mortgage professionals, and industry analysts are invited to speak directly with an Alta Pacific partner.
Investing in today’s financial world can be confusing. The founders of Alta Pacific believe that investing in Western Canadian mortgages is a better choice. With over 50 years combined experience in mortgages and real estate investing, we are helping Western Canadians realize consistent returns
Alta Pacific MIC is an Exempt Market Security which means investors place funds through approved Financial Advisors. Advisors, financial planners, interested investors, mortgage professionals, and industry analysts are invited to speak directly with an Alta Pacific partner.
Investing in today’s financial world can be confusing. The founders of Alta Pacific believe that investing in Western Canadian mortgages is a better choice. With over 50 years combined experience in mortgages and real estate investing, we are helping Western Canadians realize consistent returns
HOW ALTA PACIFIC WORKS
Investors’ capital is used to fund mortgages – mortgages secured by Canadian residential and commercial properties. By their nature, mortgages generate a yield through interest charged to borrowers. As opposed to many other real estate investments where future value is forecasted or assumed, MICs generate monthly cash flow through interest payments made by borrowers. The Canadian Income Tax Act requires that 100% of a MIC’s annual net income generated through interest and fees be distributed to its shareholders in the form of a dividend.
DIVIDEND DISTRIBUTION
Alta Pacific offers two methods of dividend distribution:
Cash – Open and registered investors can choose the 8% cash dividend paid monthly. The company’s audit at year end (June 30) determines the annual yield. Any variance between the 8% monthly dividend and the audited annual yield is distributed in an additional dividend payment after year end; the 13th dividend.
Class “B” share re-investment – Open and Registered investors can choose the company’s share re-investment option. Following the company’s June 30 audit, the annual yield results in dividends being issued as shares in Alta Pacific
Cash – Open and registered investors can choose the 8% cash dividend paid monthly. The company’s audit at year end (June 30) determines the annual yield. Any variance between the 8% monthly dividend and the audited annual yield is distributed in an additional dividend payment after year end; the 13th dividend.
Class “B” share re-investment – Open and Registered investors can choose the company’s share re-investment option. Following the company’s June 30 audit, the annual yield results in dividends being issued as shares in Alta Pacific
ALTA PACIFIC TRACK RECORD
Alta Pacific was incorporated in 2007 and has achieved its target rate of return since operations began in 2008. The company’s founders have 50 years combined experience in real estate investing and mortgage placements in Western Canada. Prior to forming Alta Pacific, two of the company’s founders – Steve Froese and Dan Weiss – held ownership positions in a Calgary based Mortgage Investment Corporation (MIC). After 5 years of attaining 10-13% annual returns, Froese and Weiss partnered with BC based Brad Unrau and Ches Hagen to launch Alta Pacific.
This does not constitute an offer to sell or a solicitation of an offer to purchase any investment product, which can only be made by the confidential Offering Memorandum. Each potential investor should read the Offering Memorandum in its entirety and carefully consider the risks and disclosures as set out therein before making an investment decision. Past performance does not guarantee future results. Version: June 15 2011
