Opening an account on Equivesto is an easy process. Head here: https://equivesto.com/investors to learn more about the process. To create an account, go to https://portal.equivesto.com/signup, enter your information and then complete the full application through the link in the email that you will receive. Investing in private companies is regulated, not like buying a book on Amazon, so you will have to answer some specific questions, similar to when opening an account on Questrade or going to the bank to invest in a mutual fund. Your information is secured with bank level security and kept private, and only seen by Equivesto.

Equivesto is an Exempt Market Dealer in Canada and is for Canadian investors who reside in Ontario, British Columbia, Alberta or Nova Scotia. Equivesto can only accept investment from those who are permanent Canadian residents who reside in the four provinces that we are licensed in. To learn more about investing on Equivesto, please access our learning centre. 

You can email Equivesto to reach a representative who will answer any questions about investing or creating an account. Email address: support@equivesto.com.

Anyone who’s primary residence is in B.C., Alberta, Ontario, or Nova Scotia can invest through the Equivesto Portal. Equity crowdfunding democratizes access to investing in private companies, which traditionally has been reserved for high net worth investors. Equivesto, like any financial advisor, will determine how much each individual is allowed to invest safely. 

If you do not qualify as an accredited investor, you are still able to invest as long as you qualify as either a retail or eligible investor. You can learn more about the investor types on Equivesto here.

To show that you are an accredited investor, you must provide proof of income over $200,000 per year or over $1 million in net financial assets excluding real estate. You can learn more about the documents and requirements to qualify as an accredited investor here.

To register as an investor on Equivesto, you will fill out an application that provides Equivesto with personal information such as your name, date of birth and address. This will allow Equivesto to verify your identity. If there is additional information that is needed, an Equivesto representative will contact you and ask for a Government-issued photo ID, please.

Once you have created a profile on Equivesto, filled out the full application and your account has been approved by an Equivesto representative, you can invest by accessing the Legacy campaign page at https://portal.equivesto.com/offering/legacymutualfund and clicking Ready to Invest. This will bring you through investment process and require you to provide your banking information to complete the investment. You can learn more about the investing process on Equivesto here.

As a Mutual Fund we pool investors money to buy assets that individual investors wouldn’t normally have access to purchase. When it comes to Legacy, you are investing in the Trust's real estate assets. You can learn more about the investment opportunity by viewing the campaign page here.

Equivesto will let you know your maximum investment limit based on your investor type. You can then determine how much you want to invest from a minimum of $500 up to your maximum investment limit. You can learn more about investment limits on Equivesto here.

To invest on Equivesto, you will need to provide your banking information including your bank account number, transit number and institution number. If you would like to make your investment RRSP or TFSA eligible, you will need to be investing over $2,500. If you would like to invest over $2,500 and make your investment RRSP or TFSA eligible please contact an Equivesto representative at  alexander.morsink@equivesto.com.   There are fees related to investing via TFSA/RRSP, but no fees for investing directly.  

All the documentation for investing can be found on the campaign page at https://portal.equivesto.com/offering/legacymutualfund. You can always speak with a representative if you need more information by contacting support@equivesto.com.

Please review the campaign page at https://portal.equivesto.com/offering/legacymutualfund and the Offering Memorandum which is attached to the campaign page for all of the information about this investment opportunity. Investors are only able to see attached documents, like the offering memorandum after they have started creating an account. Your account does not need to be approved to see the attached documents.

The first tranche of Class A Units has an annual yield of up to 8.6%, with a total target annual return of 12% to 15%.

The first tranche of Class F Units has an annual yield of up to 10.6%, with a total target annual return of 14% to 17%.

You can cash in anytime after the first year and you will be paid quarterly dividends. 

A DRIP is a program that allows investors to reinvest their cash dividends into additional shares or fractional shares of the underlying stock on the dividend payment date.

The Trust offers good returns for those looking to grow their investments or savings, despite being higher risk.  You can choose to reinvest your dividends to benefit from compounding on your investment.

The Trust offers quarterly dividends that you will receive to provide income whilst maintaining your principal. Consider what level of income you are seeking, and based on the estimated returns, you can plan the level of investment you require.  When signing your investment documents during the transaction process, you can choose the type of income you would like to receive from a tax perspective.  If you have a question about this, please contact support@equivesto.com

There are no fees to invest on Equivesto and purchase units in this Mutual Fund. There may be fees relating to TFSA, RRSP and DRIP. Please contact Equivesto about these additional fees at support@equivesto.com.

The risks relating to this fund are similar to direct investing in property, such as decreased value in properties, greater unoccupancy rate and increased cost for property maintenance. The management has attempted to mitigate these issues by having a diverse portfolio of properties from location and type. By having an effective management model for managing property maintenance costs, reducing tenant churn, and maintaining property value increase. There are many risks beyond these, please refer to item 8 of the offering memorandum which is attached on the campaign page at https://portal.equivesto.com/offering/legacymutualfund. 

You will receive quarterly updates on the performance of the Trust via email.

Investments over $2,500 are eligible for TFSA and RRSP. Equivesto works with Western Pacific Trust and Olympia Trust to set up the RRSP/TFSA investment. Please contact Equivesto at alexander.morsink@equivesto.com if you are interested in investing through an RRSP or TFSA. There are fees associated with investing via TFSA/RRSP.  There is a one time transaction fee of $75, and an annual account fee of $145.  If you already have an account with Western Pacific or Olympia Trust, you will not need to pay the annual fee again. 

You can invest as an entity as long as you can provide all legal documents requested by Equivesto.  To do so, when signing up, please choose I am a company on the first page of the investor application form.

Equivesto is governed by the Securities Commissions in each province that they are licensed in and is registered as an Exempt Market Dealer. You can view our registration at https://www.securities-administrators.ca/registration/are-they-registered/#check-registration. Epiphany (The Trust) has gone through the compliance and due diligence process that Equivesto requires and follows legislative parameters.  Visit our learning centre to learn more about the checks Equivesto does on companies.

As an Exempt Market Dealer, Eqiuvesto completes thorough due diligence on the issuer, the company documents and all key team members. Equivesto still suggests that you do your own due diligence before investing by reviewing the offering memorandum, reviewing the campaign page and by completing your own research.   As part of our due diligence, Equivesto completes full background checks on the company, as well as verifying the statements they are making as part of their offering.  For example, if A founder says they have a law degree, Equivesto has to verify that they do have a law degree for them to be able to make that statement on the campaign page.  

Anytime after the first year. Please request directly through Equivesto.

Equivesto doesn’t charge any fees to investors and gets 7% of the total amount raised by the Trust. The Trust pays Equivesto directly, as an investor you do not have to pay any fees to invest.

By the Trust increasing in value and rents outpacing expenses monthly. 

Quarterly dividends.

That’s a great question

The redemption fee starts at 9% in year one, as each year passes the fee reduces, until its eventually zero.  The progression is as follows:

• Year 1 – 9%, Year 2 – 7%, Year 3 – 5%, Year 4 – 3% and Year 5 and after – 0%

For example – if you purchased 1000 Class A units at $4.50 for $4500.

If you redeemed the Class A units in year 2 ( 7% ) the outcome would be:

              Redemption fee calculation: ( 1000 Class A Units x $5 redemption price ) = $5000 x 7% = $350

Redemption value = $5000 ( 1000 Class A Units x $5 redemption price ) - $350 ( redemption fee ) = $4650

To mitigate the impact of inflation and interest rate fluctuations the following 3 strategies were imbedded in the design of the business. 

Commercial Properties - operating cost, inflation, and the revenue model. 

• The business utilizes “triple net leases” to ensure the operating costs of the property, including utilities, property taxes, etc… are passed onto the tenant.
• The only cost not passed on directly is the financing cost of the property. 
• This approach ensures the tenant absorbs all the operating cost increases resulting from inflation. 
• With respect to revenue for our commercial leases typical timeframe is 3 years or less. 
• This approach allows those additional costs, property tax and financing to be offset by rental increases in a relatively short timeframe. 

Residential Properties - operating cost, inflation, and the revenue model. 

• The business utilizes a standard lease agreement to ensure the majority of operating costs of the property, including utilities, are passed onto the tenant. 
• The only costs not covered by the tenant are property cost and financing cost of the property. 
• This approach ensures the tenant absorbs all the operating cost increases resulting from inflation. 
• With respect to tenant lease agreements our timeframe is 1 year.  After the 1 year, the lease moves to month to month. 
• This approach allows those additional costs, property tax and financing to be offset by rental increases in a relatively short timeframe. 

Financing Costs and mitigating the impact of increasing interest rates.

• The business utilizes a combination of long-term debt and a line of credit to finance the properties in an efficient and effective manner. 
• The long-term debt portion provides the business with level of certainty regarding interest rates of a given time period. 
• If the term of the term of the long-term debt is greater than the renewal cycle on the properties lease then the impact of interest rate increases is fully mitigated. 

The three strategies above when executed efficiently, mitigates the impact of inflation and interest rate fluctuations on the core business and thus the investor and their investment.