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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hello 5i Team
I am reviewing alternative high yield C$ investments for my RRSP for a small portion of my fixed income (< 5% of total portfolio ).
Looking at the publicly traded mortgage investment corporations (MIC) on the TSX - of the four listed, which would be your preferred choice and/or ranked in order.
Are there any other MIC listed on the TSX?
Could you also confirm that "dividends" for MICs are considered as "interest" if held in a non-taxable account.
Thanks in advance for the great service.
Read Answer Asked by Stephen on July 03, 2019
Q: Will you vibe me a list of 4 mortgage funds and their annual dividend. Thx
Read Answer Asked by Richard on May 24, 2019
Q: Hi – what is your general view of the MIC’s now, for TFSA or RSP.? Which MIC do you prefer if any? Can you please rank the three listed and indicate if there’s a different one that you prefer. Thanks.
Read Answer Asked by Kirk on December 17, 2018
Q: Hi Team,

What are some "safer" stock picks in the current market conditions?
I would expect AI.TO (Atrium Mortgage Investment Corp) to benefit from the rising rate environment. As interest rates rise, the credit worthiness of the Big Banks potential customers will be more scrutinized and therefore applicants such as building developers would have to look elsewhere for financing such as Atrium. These applicants (although rejected by Big Banks) would have better credit worthiness than Atriums current customer base and over time I would expect that the average credit worthiness of Atriums loan base to increase (given that the life of majority of the loans are1-2 years, a quick shift in borrowers is not unlikely). Historically, Atrium had a loan loss provision of less than 1.2% and normally has 75% loan to value cap. Please can I have your thoughts?
Read Answer Asked by Darrel on October 11, 2018
Q: I am a long time holder of FC and it has been fine for income but the stock is down this year and virtually hasn't moved in seven years. I was considering a switch to Atrium for a similar dividend and a slow but steadily increasing share price. Your thoughts?

Thanks!

Kim
Read Answer Asked by Kim on December 19, 2017
Q: I have invested in AI and holding it for close to 1 year. I like this purely for income/dividend yield and stability of capital.
Recently there was a news that they are filing a base shelf prospectus.
Im concerned if this will dilute the value of my shares and dilute the dividend. How much of an impact will this have on the MIC price and the dividend earned? Please advise. Thank you.
Read Answer Asked by Sridhar on October 10, 2017
Q: I understand that you guys don't like this space. I'm warming up to it and would like to take advantage of HCG's collateral damage. Pls rank the above and describe how they fund their deposits. Thanks!
Read Answer Asked by Eric on May 02, 2017
Q: Good morning,
I would like to invest in a Mortgage Investment Corporation (MIC)for my TFSA or RESP but do not know whether it would be preferable to invest in a publicly traded MIC such as Atrium Mortgage Investment Corp(AI), Timbercreek(TMC), TREZ (TZZ) or in a non publicly traded MIC such as Magenta, etc where the $$$ are pooled invested in different types of mortgages and where the interest collected is 100% distributed as interest to the investors after management fee? Thank you
Read Answer Asked by Francesco on February 21, 2017
Q: Hi 5i
What do you think of Agellan REIT and safety of its 6.79% dividend ?
or would it be better to invest in a company like Atrium Mortgage Investment Corp in its latest New Issue of of 11.85 witha 7.43% didvidend?
This would be for our grandchildrens RESP account
Thanks
Kathy
Read Answer Asked by Kathy on January 25, 2017
Q: Hello Peter and Staff
Please dock whatever questions you feel are appropriate. I believe HCG is only residential mortgages which caused you to drop it from the portfolio due to recent rules introduced. I also believe First National is in the same boat,ie beaten up because of its residential nature lending to home owners. I guess the CEO was on BNN and said the banks may take 20% of their business. FC and AI and TMC have not suffered the same fate so far. Are they not affected?
Also ,if you were to buy TMC for yield to replace FN, do you buy TMC or TF?
Thanks for all you do
Dennis
Read Answer Asked by Dennis on October 11, 2016
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