Conflicts of Interest

Deirdre Thompson

Westboro Management Ltd. (“WML”) is the general partner of Westboro LP, of which WMIC is the majority limited partner. As general partner, WML receives distributions from Westboro LP, which reduces returns to investors. WMIC is a related issuer of WML by virtue of their common controlling shareholder. Velos Capital Corp. exercises control over the voting shares of both WMIC and …

What Are The Benefits Of MIC Investing?

Administrator

1. Real Estate Security : Mortgages purchased by the MIC are secured by Canadian Real Estate. 2. RRSP / RRIF Eligible : Hold your Westboro MIC investment in a self-directed RRSP, RRIF, or TFSA. 3. Professional Management : The Principals of Westboro MIC have a combined 60 years of mortgage & investment experience. 4. Diversification : Investors own a diversified portfolio of …

Is Westboro MIC The Right Investment Choice For Me?

Administrator

Investing in a MIC is not for everyone. Your current net worth, income needs, and risk tolerances are just a few of the many factors to determine if this is the right type of investment for you. We would be happy to sit down with you to discuss your potential investment.

How Do I Start Investing In Westboro MIC?

Administrator

It’s easy. Call or email today to discuss how you can invest: Investor.Info@WestboroMIC.com or 613-729-5764. Westboro MIC is fully open for new capital investments.

What Type Of Mortgages Does The MIC Invest In?

Administrator

The MIC focuses on residential mortgage loans primarily in Eastern and Southern Ontario with a focus on the Ottawa Valley and surrounding urban centres. Commercial loans are also included in the portfolio where beneficial to the MIC. The majority of mortgage receivables are comprised of 1st mortgages with the balance being made up of 2nd mortgages. Almost all mortgages in …

How Is Westboro MIC Compensated For Administering The Fund?

Administrator

Westboro Management Ltd. (“WML”) is the general partner of Westboro LP, of which WMIC is the majority limited partner. As general partner, WML receives distributions from Westboro LP, equal to 1/12th of 2.00% of the total consolidated assets of Westboro LP, as recorded in the month end unaudited, internally prepared management consolidated financial statements of Westboro LP. The special limited …

When Can I Redeem My Shares?

Administrator

Investors are able to redeem all or a portion of their shares upon 30 days notice subject to the rules set out in the Subscription Agreement / Corporate Articles. Redemptions are processed once a month at month end.

What Risks Are Associated With Investing In A MIC?

Administrator

Although real estate investing is considered one of the safest investments, risks still exist in mortgage lending. All property investments are subject to elements of risk. Property value is affected by general economic conditions, local real estate markets, the attractiveness of the property to tenants, competition from other available properties and other factors. While independent appraisals are required before the …