Investing in the Tri City Monthly Income Mortgage Trust
Units in the Tri City Monthly Income Mortgage Trust can be purchased directly through Tri City Fund Management Ltd., and can be held inside or outside a registered plan, including RRSPs, RRIFs, RESPs, and TFSAs. Investments from other existing registered plans can also be transferred into the Trust.
The minimum contribution is $10,000. Units are sold in increments of 10 units at $1,000 per unit. We accept bank drafts and certified cheques.
Investors can choose to receive monthly distributions, or reinvest them into the Trust under a dividend reinvestment plan (DRIP). Distributions outside of a registered plan are received as interest income. T-5 forms are issued in February of each year.
Partner investors may redeem their units in whole or in part subject to the terms and conditions in the Offering Memorandum.
The management fee is 1.25% per annum.