Purchasing Shares

The process starts when an investor deposits funds into the fund. These funds are then exchanged for shares of the company. Each investor is entitled to one (1) preferred share for every one (1) dollar invested, which entitles the shareholder to his or her share of mortgage income earned by the fund.

When investing with RRSP, the investor instructs his or her trustee (usually a bank or trust company) to deposit funds on his or her behalf into the fund. The trustee receives the preferred share certificate and holds the certificate “In Trust” on behalf of the shareholder. i.e. for a typical $150,000 investment, the investor would receive preferred shares with a par value of $150,000.

Internet Marketing by TechWyse