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Investing

INVESTMENT OBJECTIVES

Our primary investment objective is to provide our shareholders with a stable monthly dividend secured by our careful investment in mortgage loans that adhere to our disciplined underwriting policy.

We achieve our investment objectives by demonstrating discipline in the details.  We ensure our mortgage loans are made within communities where the stability and liquidity of real estate is high and to borrowers that represent an acceptable level of risk with a significant amount of equity to contribute; and we aggressively manage our portfolio. Stability and consistency to our shareholders is prioritized ahead of growing the size of the company.

As a Mortgage Investment Corporation, we focus primarily on residential mortgages under $500,000 secured in the first position and we distribute all of our earnings every year by way of a monthly dividend to our shareholders.

DIVIDENDS

Dividends are declared and paid monthly.  ThreePoint Capital delivered an annualized 7.08% to shareholders in 2017 and 7.17% in 2018 and 7.03% in 2019.  We offer the choice of monthly dividend payments or our dividend reinvestment program (DRIP) that allows shareholders to automatically reinvest their dividends in new shares of ThreePoint and enjoy the benefit of compounding interest.

Our monthly dividend is currently between 4% – 6% p.a., paid monthly, with a top-up dividend paid to each shareholder of record as at the last day of the fiscal year (December 31st) to match the actual yield earned by the company as determined by our Auditors (Grant Thornton).

Under Section 130.1 of the Income Tax Act, taxable dividends paid to shareholders are taxed as interest income. As a Mortgage Investment Corporation, we do not pay any income taxes, provided that we distribute all of our taxable income each year. In effect, we flow interest income that we earn on our investments in mortgages through to our shareholders.

MIC INVESTING

Our shares are qualified investments for deferred income plans including registered retirement savings plans (“RRSPs”), registered retirement income funds (“RRIFs”), tax-free savings accounts (“TFSAs”) and registered education savings plans (“RESPs”).

We qualify as a MIC and are restricted from any activity that would result in us failing to qualify as a MIC. To qualify as a MIC, we must satisfy the requirements in subsection 130.1(6) of the Income Tax Act throughout the taxation year. Our only undertaking can be the investing of our funds; we are not permitted to manage or develop real property.

ANALYST COVERAGE

Three Point Capital Corp. has engaged Fundamental Research Corporation to provide continuous analyst coverage on the company.  This report is paid for by Three Point Capital and is available for download here.

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THREEPOINT CAPITAL WEALTH MANAGEMENT INC.

Registered as an Exempt Market Dealer in BC and Alberta, Three Point Capital Wealth Management Inc. works with investors to determine if a  new or additional investment in Three Point Capital Corp. may be right for them.

HOW TO INVEST

For more information on how to invest, eligibility requirements and suitability, please contact Three Point Capital Wealth Management Inc. at wealthsupport@threepointcapital.ca or 1-800-979-2911.

FACT SHEET

Download a detailed Fact Sheet here.

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OFFERING MEMORANDUM

Download our OM here.

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QUARTERLY REPORTS

Please download Three Point Capital Corp. Quarterly Reports here.

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WATCH CORPORATE VIDEO

Click link below to Watch Corporate video.

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