Message to Investors
Magenta’s unparalleled track record, size and proprietary risk management model make for better tomorrows. The Income Tax Act regulations requires distribution of 100% of audited net income and Magenta has distributed an attractive monthly dividend for the last 29 years. We also offer flexibility as you can hold Magenta shares in your RRSP, TFSA, RRIF, RESP and more.
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|Strategy||A conservative, short-term mortgage strategy. Residential, primarily first mortgages located in carefully selected Ontario markets. The objective is to preserve capital while generating consistent returns for shareholders.|
|Fund Manager||Magenta Capital Corporation|
|Launch||June 1, 1994|
|Eligibility||RRSP, TFSA, RRIF, RESP|
|Auditor||Ernst & Young|
|*Past performance may not be indicative of future results.|
|Portfolio Composition Date||9/30/2023|
|Assets Under Management||$398,828,577|
|Number of Loans||737|
|Average Term to Maturity||223 days|
|Average Loan to Value Ratio||69.2%|
|First Mortgages Portfolio Weighting||92.1%|
Growth of $100,000 invested at start date
If you invested $1,000 at inception (June 1994), the value of your $1,000 today would be $13,178.37.
Past performance may not be indicative of future results.
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How does a MIC differ from directly held mortgages?
Who can invest in Magenta shares?
Are Magenta shares RRSP, RRIF and TFSA eligible?
How can I monitor my investment?
My quality of life would not remotely resemble what it is now, had I not invested in Magenta. I’ve realized my lifetime dream of owning a waterfront lot and a gorgeous two acre property.