Dundarave Mortgage Investment Corporation is a “Mortgage Investment Corporation” (commonly referred to as a “MIC”) licensed by the Financial Institutions Commission of British Columbia (FICOM). Our financial statements are audited every year and in addition to reporting to FICOM, our sales of shares to the public are reported to the BC Securities Commission. Mortgage Investment Corporations are creations of the Income Tax Act of Canada. They are unique corporate structures that allow for the flow-through of interest income and capital gains to their investors. Investors in Dundarave Mortgage Investment Corporation subscribe for Preference Shares issued at $1.00 each. Funds are pooled with other investors and invested into a diversified pool of mortgages providing both security and liquidity. Investors receive a quarterly distribution equal to their pro-rata share of the inOur Investment Philosophycome earned by Dundarave during that three-month period. Investors can receive either a cash payment or reinvest their distribution to compound their earnings.