Mortgage Investment Corporation
Jin-Ocean Mortgage Investment Corporation
Flexible short-term mortgage financing for borrowers and stable dividends for investors, secured by real property in Greater Vancouver.
Investors
Our current average yield is 8%–8.24% per year. Dividends can be deposited monthly into your bank account or accumulated as stock to earn the highest annual yield. All invested funds are lent out as mortgages registered on borrowers’ land titles.
Borrowers
Jin-Ocean specializes in first and second mortgages up to 70% of the appraised value, including residential, commercial, construction and short-term bridge loans secured by real property in the Greater Vancouver area.
Contact Us
Our director will provide professional mortgage advice or an appropriate investment plan. Please contact Kathy Wang at 778-384-0930 or email kathy@jin-oceanmic.com.
Investor notice
Extra dividend for the 2019–2020 fiscal year
In the past fiscal year (July 2019 – June 2020) we received higher profits than expected. Pursuant to the Subscription Agreement, and to thank investors for their sincere trust and great support, Jin-Ocean MIC will distribute an extra dividend, based on each shareholder’s percentage of share interest, to every shareholder who holds shares as of June 30, 2020.
According to our calculation, for shareholders who receive monthly cash dividends the standard annual rate of return is 8% and the extra dividend rate is 0.36%, so the total rate of return is 8.36%. For shareholders who receive stock dividends the standard annual rate of return is 8.24% and the extra dividend rate is 0.36%, so the total rate of return is 8.60%.
We can deposit cash dividends directly into investors’ bank accounts. For reinvestors, stock dividends are accumulated in the shareholder’s account accordingly.
About MICs
What is a Mortgage Investment Corporation?
- A mortgage investment corporation (MIC) is an investment and lending company designed specifically for mortgage lending in Canada.
- Investors of a MIC are its preferred shareholders. Owning preferred shares lets investors invest in a company that manages a diversified and secured pool of mortgages, from small first or second mortgages on residential property to commercial and development mortgages on new projects.
- Mortgage investment corporations are generally provincially registered and licensed, with the mortgage fund managed under the direction of provincially licensed mortgage brokers.
- MICs invest in pools of mortgages. Profits are distributed to shareholders according to their proportional interests.
Mortgage / Investment
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