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Structured Products

First National Mortgage Investment Fund

First National Mortgage Investment Fund provides unitholders with tax-advantaged monthly distributions by investing in Canadian mortgage loans originated by First National Financial LP. The Fund invests in a diversified portfolio of mortgages on multi-unit residential, industrial, and retail properties as well as land.

The Fund operated as a close-end fund listed on the TSX, from its inception in December 19, 2012 to December 22, 2017.  The termination coincided with the expiry of the associated forward contract providing the tax-advantaged distributions, as a result of CRA no longer permitting such structures.  Unitholders originally subscribed for units at $10.00 per unit and received monthly distributions of $.05 from March 15, 2013 to December 15, 2017, aggregating $2.90 and a terminating cash distribution of $9.33 per unit.

Purchase Options

Series Current NAVPS Prior NAVPS NAVPS Change Net Asset Value Last Updated
A $ $ $ 2018-02-16

DOCUMENTS

2016 Annual MRFP - First National Mortgage Investment Fund Download
2017 Interim Financial Statements - First National Mortgage Investment Fund Download
2017 Interim MRFP - First National Mortgage Investment Fund Download
First National Mortgage Investment Fund January Monthly Distribution Download
First National Mortgage Investment Fund Announces Annual Redemption and Progress Report Download
First National Mortgage Investment Fund Quarterly Portfolio Disclosure - March 2017 Download
2017 First National Mortgage Investment Fund Independent Review Committee Report Download
2016 Annual Financial Statements - First National Mortgage Investment Fund Download
Fund Termination Notice November 2017 Download
Fund Termination Notice December 2017 Download
Initial Public Offering December 2012 Download
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