MIC FAST FACTS
Alta Pacific Fast Facts is a summary of the MIC portfolio as of June 1, 2013.
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)
Target LTV for fund
Current LTV for fund
Average LTV residential
Average LTV commercial
Foreclosure as a percentage of assets under management
As of June 1, 2013. 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.