The Frontenac Mortgage Investment Corporation (FMIC) is a Mortgage Investment Corporation (MIC) that started out as a pooled trust in 1983. It was incorporated in Ontario on October 24, 2004 as a mortgage investment corporation as defined under section 130.1 of the Income Tax Act. The corporation went public in June, 2005. MIC is a pooling vehicle that allows retail investors the opportunity to invest in mortgages with the benefit of a corporate structure.
The corporation’s founder and CEO, Wayne Robinson, CFA of W.A. Robinson & Associates, provides investment counsel and portfolio management services to FMIC.
The CEO, Fund Manager or staff of W.A. Robinson & Associates do not receive a bonus based on performance or any other criteria as it relates to FMIC.
RRSPs are administered by a Trustee, B2B Trust. Fees for this service are charged directly to the investors’ account. Annual fees are $125.00 plus GST (and PST in Quebec) and $50.00 plus GST
(and PST in Quebec) for each additional account.
W. A. Robinson & Associates Ltd. do not charge any fees other than the 1% management fee
paid by the Fund.
FMIC reserves the right to cap the Fund at any time without notice. Indicated returns are net of management fee, which is 1.0% plus expenses, and net of mortgage administration fee of 1.0%. Please read the Fund’s Prospectus before investing (available at www.sedar.com). These are historical compounded returns. They do not take into account income taxes payable by any holder. Pooled funds are not guaranteed; their values change frequently and past performance may not be repeated.
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