Investors are buying into the private mortgage investment corporation, Wellington Hathshire, by purchasing its privately held Class A Preferred Shares.
All new investment subscriptions are rolled into WH on the first (1st) of every month. Each investor is entitled to one (1) Class A Preferred Share for every one (1) Canadian dollar invested. Each Class A Preferred Share entitles the investor to receive an annual dividend, which is declared and paid on a monthly basis. Each shareholder earns a target annual dividend yield of 9.5%.
The shareholder will receive their dividend payment on the 15th day of each month. Should the 15th fall on a weekend or holiday, the dividend will be received by the following business day. The first dividend payment commences on the 15th day following the month the investment is received by WH.
Shareholders have the option to receive the dividends in cash or reinvest them in additional shares through WH’s Dividend Reinvestment Plan (DRIP). Cash dividends are remitted by way of post-dated cheques or electronic bank deposit to the shareholder’s account.
The investor must ensure that the fully completed Subscription Agreement along with a certified cheque or bank draft payable to Wellington Hathshire Mortgage Investment Corporation for the full amount of the subscription price be received by WH five (5) business days prior to the month the investment is rolled into.
WH’s unrestricted minimum investment requirement is $100,000 CAD and maximum investment allowable is $500,000 CAD.
The Company’s Class A Preferred Shares are eligible to be held inside RRSP, TFSA, RESP, RRIF, LIRA or other registered accounts allowing the investor to earn the 8.0% target annual dividend yield on a tax-deferred and tax-free basis.
Each shareholder must qualify to invest in WH. Please contact us for more information.