FUND FACT SHEET Q1 2025

Capital Direct I Income Trust is an open-end investment trust governed by the laws of Ontario. The trust is a pooled investment vehicle that holds a portfolio of residential mortgage loans to generate stable distributions to unitholders.

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FUND FACT SHEET Q1 2025

  Fund Fact Sheet - Class A  |  Class C  |  Dealer - Class F

FUND OVERVIEW

Capital Direct I Income Trust is an open-end investment trust governed by the laws of Ontario. The trust is a pooled investment vehicle that holds a portfolio of residential mortgage loans to generate stable distributions to unitholders.

INVESTMENT HIGHLIGHTS

Preserve Capital(1)
Generate Quarterly Income for Investors
Stable $10 Unit Value
Annualized returns for Q1 2025: (2)
Class A: 9.11%  |  Class C: 9.11%  |  Class F: 10.11%

FUND DETAILS OF CAPITAL DIRECT I INCOME TRUST
(As of March 31, 2025) 

Manager Capital Direct Management Ltd.
Fund Type Open-ended Investment Trust
Inception Date June 2006
Minimum Investment $5,000
Term of Mortgages Limited to 2 years maximum
Distributions Quarterly
Dividend Reinvestment Plan (DRIP) Yes
Redemption (Class A) 5 year DSC
Redemption (Class C, F) 2% fee within first 180 days of acquisition
Closings Monthly
Mortgage Type Residential
Weighted Average LTV 54.4%
Registered investment Qualified
(TFSA, RESP, RRSP, RRIF)		 Yes
Total Assets $540 Million
Geographical Diversification BC, AB, ON, Atlantic
Trustee ComputerShare Trust
Analyst Rating 2- (Very Good Return to Risk Ratio)(3)

FUNDSERV Code

ITI100
ITI120
ITI110

Unit Class

A
C
F

Commission

1.5%
none
none

Trailer

1%
1%
none

Management Fee

2% Net Assets
2% Net Assets
1% Net Assets

Income Participation

20% Maximum
20% Maximum
20% Maximum

Redemptions

Monthly
Monthly
Monthly

HISTORICAL CLASSES RETURN

Period Class A   Class C   Class F
1 Quarter 9.11%   9.11%   10.11%
1 Year 8.77%   8.77%   9.77%
3 Year 7.62%   7.95%   8.62%
5 Year 7.07%   7.28%   8.08%
Since Inception(6) 7.87%   7.43%   8.21%

PORTFOLIO SUMMARY


Loan-to-Value (LTV)
Calculated as Financing outstanding divided by the value of security pledged.

Weighted Average LTV
54.4%
  < 45% 25%
  45 - 54.9% 19%
  55 - 64.9% 34%
  65 - 74.9% 19%
  75 - 89.9% 3%
Term to Maturity
The remaining number of months until the principal of a mortgage is scheduled to be repaid.
  < 24 months 17%
  < 18 months 18%
  < 12 months 34%
  < 6 months 30%
Security Position
Place in line held by the Fund should a borrower default.
  1st 59%
  2nd 39%
  3rd 2%
Location of Mortgages
Geographically diversified mortgages primarily within 90 km of major urban areas.
  BC 39%
  Ontario 38%
  Alberta 17%
  Atlantic 6%
Source: Company Reports

All investments carry risk. Past performance is not an indication of future returns.
(1) Management’s assessment, based upon loss history and loan to value ratio. (2) Annualized return is based on Q1 2025 income produced by the Class A, C, F Units of the Trust. (3) Fundamental Research Corp., May 2024. (4) Class F Units must be purchased through a third-party dealer and are intended for fee-based accounts. (5) All returns are after any discretionary reduction by Management in Income Participation or distribution. (6) Historical return since inception (2006, 2014, 2016) as of Q1 2025 of the Class A, C, F units of the Trust.

This does not constitute an offer to the public to subscribe for units of the Trust. This document does not provide disclosure of all information required for an investor to make an informed investment decision. Investors should read the current offering memorandum, especially the risk factors relating to a purchase of Units of the Trust, prior to making an investment decision. All subscriptions for the purchase of units must be made pursuant to available prospectus exemptions. Depending on the exemption
being relied upon, an investor will receive the appropriate risk acknowledgement together with the most recent offering memorandum. Sales of units in all Provinces and Territories of Canada may be made through Capital Direct Financial Ltd. or a registered Dealer/Advisor.