MIC FAST FACTS
Alta Pacific Fast Facts is a summary of the MIC portfolio as of February 15, 2012.
Shareholder Base
454
49.56% 50.44% 73.13% 26.87% | Investors (100% Canadian)
Investors choose 8% per annum (pa) monthly dividend Investors choose to re-invest dividends Investing with registered funds (RRSP) Investing with open funds |
Loan to Values (LTV)
65%
57.31% 56.91% 61.87% | Target LTV for fund
Current LTV for fund Average LTV residential Average LTV commercial |
Mortgage Positions*
49.70%
50.30% 0% | 1st mortgages
2nd mortgages 3rd mortgages |
Mortgage Properties
95.89%
4.11% 33.63% 60.77% 5.60% | Residential mortgages
Commercial mortgages BC mortgages Alberta mortgages Saskatchewan mortgage |
Mortgage Foreclosures
1
0.81% | Mortgage in foreclosure
Foreclosure as a percentage of assets under management |
Corporate Review
|
As of February 15, 2012. Loan to Value (LTV) percentages are based on independent appraisals performed in a reasonable time period prior to funding. Alta Pacific MIC does not currently hold mortgages with greater than 12 month terms. Appraisals are less than one year old and therefore the fund manager remains confident in the LTV stated
* Alta Pacific’s target for 1st vs 2nd mortgages is 50:50. Balanced distribution geographically is also a key target. Due to the nature of mortgages maturing on a month by month basis, these balances vary throughout the year.
