Skip to main content

First Source Mortgage Investment Fund Announces Bonus Distribution to Unitholders

Written by Customer Service on . Posted in Dividend Reports And Estimates.

TORONTO, May 26, 2022 (GLOBE NEWSWIRE) — First Source Mortgage Investment Fund (the “Fund”) has paid a bonus distribution of $0.01 per $10 Class F Unit (“Unit”). The bonus distribution equals the excess income earned by the Fund for the fiscal year ended December 31, 2021. The total distribution per unit for the 2021 fiscal year, inclusive of this bonus distribution, was $0.77/Unit or a compounded annualized return of 8.0%. The strong performance of the Fund is a direct result of one of, or a combination of, the following: a) strong performance of the mortgage assets; b) competitive market conditions; c) best in class underwriting practices; and d) favorable lending environment performance firmly in the top decile of Canadian mortgage funds.

“It was another successful year filled with a unique set of challenges. As we begin to emerge from the pandemic, we forecast a stark increase in lending opportunities coupled with rising interest rates. That is usually a good formula for investors” said David Mandel, CEO of First Source Mortgage Investment Fund.

To learn more about the First Source Mortgage Investment Fund, including investment opportunities and qualification criteria please contact investorrelations@firstsourcemortgage.ca. 

About First Source Mortgage Corporation

Founded in 2006, First Source is a boutique commercial mortgage lender based in the Toronto Area supporting Mortgage Brokers, Real Estate Advisers, as well as Builders and Developers with Non-Bank Mortgage Lending Services. 

About First Source Mortgage Investment Fund

The First Source Mortgage Investment Fund is a diversified portfolio of commercial and development property mortgages focused in the Greater Toronto Area and select other Southern Ontario markets. For Fund performance, investment opportunities and investment qualifications please visit www.firstsourcemortgage.ca and/or contact 416-221-2238 Ext 32.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.