MIC Investing

Mortgage Investment Corporations, explained for Canadian investors

You've heard of a GIC. Learn about a MIC: an alternative fixed-income style opportunity backed by private mortgages, with real risk, liquidity limits, and suitability requirements. Independent education first. Suitability conversation when you are ready.

Call 604-761-5405 Email investing@diversifi.ca Start learning

Informational only. A MIC is not a GIC, not a bank deposit, and not principal-protected. Exempt market investments involve risk, liquidity limits, and suitability requirements. Target yields and distributions are not guaranteed.

Dealer Exempt Market Dealer
Registered BC, AB, SK, ON
Education Independent MIC education
Posture Suitability before a recommendation

Canadian city and coastal landscape of the kind of real estate that can secure MIC mortgage loans

The category

What is a Mortgage Investment Corporation?

A MIC pools investor capital to fund mortgage loans secured by Canadian real estate. You typically buy shares. Management originates, underwrites, administers, and collects the loans.

If a GIC is the familiar starting point, a MIC sits in a neighbouring conversation: private-market, real-estate-backed lending exposure. Close enough to compare for orientation. Not close enough to treat as equivalent safety, liquidity, or guarantee.

Read What is a MIC, then the Learn MIC Investing hub when you want depth.

Evening city lights on a Canadian institutional building, the kind of setting where offering documents are reviewed in private

Dealer house

Independent diligence, not a product catalogue

MIC Investing is operated by Diversifi Alternative Investments Ltd., a registered Exempt Market Dealer in British Columbia, Alberta, Saskatchewan, and Ontario. Diversifi is the licensing house. It is not a MIC.

Yield is the last number to trust in isolation. Look at manager quality, arrears, underwriting, loan-to-value discipline, redemption terms, fees, and whether the structure fits your account and liquidity needs.

Start with the due diligence process, then How to Compare Canadian MICs.

Roles stay named: Diversifi is the dealer. AP Capital MIC and Terrapin MIC are strategic alliances with equal educational weight. The map is on How we work.

Empty high-floor boardroom facing a harbour city, a setting for a fit conversation before any recommendation

Fit

Who this conversation is for

MIC investing is reviewed with qualified investors through a prospectus exemption and a suitability process. It is not a universal product.

It may fit high-net-worth and corporate accounts that want real-estate-backed cash flow off a public ticker, retirees weighing RRSP-to-RRIF income, or landlords who would rather evaluate the lender chair than add another property.

It is usually the wrong chair if you need all capital back on short notice, want a guaranteed bank-product experience, or have not read offering documents. Honest filters are on Who This Is For.

Risk

Honesty before any allocation talk

MICs can offer real-estate-backed exposure and potential income. They also involve credit risk, operational risk, liquidity limits, and suitability rules. Private MIC shares do not trade on a public exchange. Immediate liquidity is not a given.

Target distribution rates are targets. Markets change. Arrears happen. Management quality varies. Past performance is not a forecast. Capital preservation is not guaranteed. Read offering documents, fees, and redemption terms before anyone talks allocation. Labels and lockups are mapped on Risk, Liquidity and Labels.

Informational purposes only. Diversifi Alternative Investments Ltd. is a registered Exempt Market Dealer in British Columbia, Alberta, Saskatchewan and Ontario. Exempt market investments involve specific risks and suitability requirements. Target yields, distributions, liquidity and capital preservation are not guaranteed.

Questions

What investors ask first

What is a Mortgage Investment Corporation in Canada?

A Mortgage Investment Corporation, or MIC, is a Canadian investment and lending structure that pools investor capital to fund mortgage loans secured by real estate. Investors typically gain exposure through MIC shares rather than lending directly to individual borrowers.

Is a MIC the same as a GIC?

No. A GIC is a familiar bank-product reference point. A MIC is an exempt-market security with real-estate-backed loan exposure, liquidity policies, and credit risk. Some investors explore MICs as an alternative fixed-income style opportunity after understanding those differences. A MIC is not as safe as a GIC and outcomes are not guaranteed.

Are MIC investments guaranteed?

No. MIC investments are exempt-market securities and involve risks, liquidity limits and suitability requirements. Target yields, distributions and capital preservation are not guaranteed.

Who can invest in a MIC?

MIC investing is generally reviewed with qualified investors through the applicable prospectus exemption and a suitability process. The review should consider your objectives, risk tolerance, liquidity needs, time horizon and account structure.

How does Diversifi evaluate MICs?

A due-diligence review should consider manager quality, underwriting standards, historical defaults, loan-to-value discipline, liquidity terms, redemption policies, portfolio composition and the investor's suitability profile. Start with the due diligence process.

Ready to talk about fit and risk?

Call or email MIC Investing for a short educational conversation. Suitability comes before any recommendation. No product pitch on minute one.

Call 604-761-5405 Email investing@diversifi.ca Request a call

Informational purposes only. Diversifi Alternative Investments Ltd. is a registered Exempt Market Dealer in British Columbia, Alberta, Saskatchewan and Ontario. Target yields, distributions, liquidity and capital preservation are not guaranteed.