Ginkgo Mortgage Investment Corporation

Real Estate
Toronto, Ontario, Canada
4169015133
info@ginkgomic.com
Ginkgo Mortgage Investment Corporation
Ginkgo Mortgage Investment Corporation

$242,500.00

Funded Of $5,000,000.00 Goal
4.85% Raised
Offering Memorandum Offer. Structure
40 Days Days Left
$10,000.00 Min. investment
$5,000,000.00 Max. investment
N/A Minimum Raise
$5,000,000.00 Maximum Raise
Invest Now

Offering Description

Offering Terms

NOTE: You will need your Bank Account Number, Transit Number, and Institution Number to Invest.

This investment is only open to Accredited Investors, Eligible Investors, Self Certified Investors, and immediate Friends, Family, and Close Business Associates of the issuer.   

This investment is eligible for Registered accounts like TFSA/RRSP via Olympia Trust.  Contact support@equivesto.com if you would like to invest via registered accounts.  

Current Portfolio Size: $172,802,688

Target Return: 8-10% per annum

Distributions: Paid monthly, on the 15th of each month.  

Minimum Raise: N/A - There is no minimum raise requirement

Max Raise: ~$20,000,000.00 for 2,000,000 Class A Preferred Shares at $10 per Share.

Multiple Closings: This offering will have multiple closings, with each closing being at the end of the month, or at a date decided by the Issuer.

Minimum investment amount: $10,000.00

Securities offered: Class A Preferred Shares (Non-Voting) Series 2

Please see Shareholder's Agreement, Term Sheet, Offering Memorandum, and Articles of Incorporation for full details of rights associated with the Preferred Shares.  You must create an account on Equivesto to view attached documents.  

07/05/2023
Project launched

10/12/2023

Special Dividend Announcement

Ginkgo Mortgage Investment Corporation ("Ginkgo") is delighted to announce that its Board of Directors has declared another special dividend of 2.5 cents per share (0.25%) for all Class “A” participating preferred shareholders on record as of March 31, 2023. This special dividend will be payable on September 30, 2023.

Ginkgo MIC Announces Special Dividend and Increased Annual Dividend Rate Targets (accesswire.com)

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11/10/2023

GINKGO MIC surpasses $100,000,000 in Investor Equity!

Ginkgo Mortgage Investment Corporation ("Ginkgo") has reached a remarkable milestone by surpassing $100,000,000 in total investor equity!

This achievement is a testament to the unwavering trust and support our incredible investors have placed in us. It's a reflection of our dedication and hard work to deliver outstanding returns for our valued stakeholders. We don't just raise capital; we build futures with the trust of our investors.

We're immensely grateful for your trust in our vision, and we can't wait to embark on the exciting journey that lies ahead. Thank you for being a part of our success story!

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FAQs

Who can I contact at Ginkgo about my investment?

You can contact our Investor Support Line (647) 660-2293 investor@ginkgomic.com or Yvonne Leung (416) 990-5567 yvonne@ginkgomic.com or Jeffery Chiu (647) 255-9828 jeffery.chiu@ginkgomic.com

You can contact Equivesto any time by emailing support@equivesto.com 

What is the minimum amount you can invest?

$10,000 CAD.  Investors must be Eligible Investors or Accredited Investors to invest.  Sign up on Equivesto for free and complete the investor onboarding forms to learn what type of investor you may qualify as.  

When will my dividends be paid?

Dividends are paid on the 15th of every month. You will receive an SMS notifying you of the amount paid to your Ginkgo account. An e-mail will also be sent to you regarding your investment’s overall performance.

How will I know if my investment is doing well?

Just like a bank, Ginkgo will issue a monthly report to you via e-mail to inform you of your investment's performance and standing.

You will also be invited to Ginkgo's Annual General Meeting, so you can have a better understanding of the company's performance. It is a great opportunity to also meet the staff who manage your investments and be informed of projected economic outlooks. Therefore, it is very important to provide up-to-date contact information in which Ginkgo can inform you about your investment. Your personal information is held privately, only used for the regular performance of the corporation. It will not be sold to third parties.

What is the difference between a first and second mortgage?

The main difference between a first and second mortgage is debt seniority.

In the event of a default, both first and second mortgagees have the right to foreclose on the property and sell it on the market for repayment. However, the first mortgagee is at the first position to get the proceeds; and the second mortgagee will be entitled to the remaining amount. Since second mortgages are behind the first mortgage, they are considered more risky and therefore demand a higher return.

How does Ginkgo invest your funds?

Ginkgo invests your funds into a diversified pool of mortgages and the yield to investors is generated by the borrowers’ interest payments

What is the expected/targeted rate of return for my investment?

The current expected rate of return is 8-9%

What is the process for redeeming my investment?

Shareholders may on a monthly basis request redemption of any or all outstanding shares by providing 30 days advance notice to Equivesto and Ginkgo. Ginkgo shares are subject to early termination fees payable to Ginkgo in the first two years from the date of subscription. Redemptions requested after two years from the date of subscription are completed without any early redemption fees. Shares cannot be redeemed in the first 6 months.

How do I invest via Registered Funds?

Ginkgo is partnered with Olympia Trust company to offer investments via Registered funds.  Learn more here about how the process works and related fees: https://equivesto.com/investor-path/tfsa-rrsp