FUND FACT SHEET
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.
FUND FACT SHEET
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
Not Correlated to Equity Markets
Stable $10 Unit Value
FUND DETAILS OF CAPITAL DIRECT I INCOME TRUST (as of September 30, 2022)
| Manager | Capital Direct Management Ltd. |
| Fund Type | Open-ended Investment Trust |
| Inception Date | June 2006 |
| Minimum Investment | $5,000 |
| Distributions | Quarterly |
| Dividend Reinvestment Plan (DRIP) | Yes |
| Class A Annualized Return for Q3 2022 |
6.56% (2) |
| Mortgage Type | Residential |
| Weighted Average LTV | 52.1% |
| Registered investment Qualified (TFSA, RESP, RRSP, RRIF) |
Yes |
| Total Assets | $365 Million |
| Geographical Diversification | BC, AB, ON, Atlantic |
| Trustee | ComputerShare Trust Company of Canada |
| Closings | Monthly |
| Analyst Rating | 2: Very Good Return to Risk Ratio (3) |
Unit Class
AC
Commission
1.5%none
Trailer
1%1%
Management Fee
2% Net Assets2% Net Assets
Unit Class
AC
Income Participation
20% Maximum20% Maximum
Redemptions
MonthlyMonthly
REDEMPTIONS
Class A and C: Units are retractable by written notice not less than 21 days prior to the last business day of any month in any year at a retraction price equal to the declared but unpaid Return plus the Net Assets Value per Unit subject to the following charges:
Class A
Time of Redemption |
DSC Charge |
|
Prior to the 1st Anniversary of Acquisition After 1st Anniversary but before 2nd Anniversary After 2nd Anniversary but before 3rd Anniversary After 3rd Anniversary but before 4th Anniversary After 4th Anniversary but before 5th Anniversary After 5th Anniversary of Acquisition |
5% 4% 3% 2% 1% 0% |
Class C
Time of Redemption |
Short Term Trading Charge |
|
Within the 1st 180 Days of Acquisition After 180 Days |
2% 0% |
Capital Direct I Income Trust Annual Rate of Return
Net of Management Fee + Income Participation (4)
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 Q3 2022 income produced by the Class A Units of the Trust.
(3) Fundamental Research Corp., January 2022.
(4) Annual return is based on income produced by the assets of the Trust in that year after any voluntary reduction in Management fees or Income Participation. Annualized quarterly return (indicated by "Q") is based on income produced by the assets of the Trust in that quarter.
PORTFOLIO SUMMARY
Loan-to-Value (LTV)Calculated as Financing outstanding divided by the value of security pledged.
Weighted Average LTV
52.1%
| 75 - 89.9% | 2% | |
| 65 - 74.9% | 16% | |
| 55 - 64.9% | 33% | |
| 45 - 54.9% | 20% | |
| < 45% | 29% |
Term to MaturityThe remaining number of months until the principal of a mortgage is scheduled to be repaid.
| < 24 months | 19% | |
| < 18 months | 17% | |
| < 12 months | 36% | |
| < 6 months | 28% |
Security PositionPlace in line held by the Fund should a borrower default.
| 1st | 59% | |
| 2nd | 40% | |
| 3rd | 1% |
Location of MortgagesGeographically diversified mortgages primarily within 90 km of major urban areas.
| BC | 52% | |
| Ontario | 38% | |
| Alberta | 7% | |
| Atlantic | 3% |
OVERVIEW
Capital Direct Financial Ltd.
555 West 8th Ave. Vancouver,
British Columbia. V5Z 1C6
Tel: 604-430-1498
Fax: 604-430-3287
Toll Free: 1-800-625-7747
Email: [email protected]
V A N C O U V E R
Tim Wittig
Vice President
Exempt Market Representative
Phone: 604-430-1498
Toll Free: 1-800-625-7747
Email: [email protected]
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 the securities being offered, prior to making an investment decision. All subscriptions for the purchase of units are 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 BC, Alberta, Saskatchewan, Manitoba and Ontario may be made through Capital Direct Financial Ltd. or a Dealer/Advisor. Sales of Units in all other provinces or territories must be made through a Dealer/Advisor.