IMC launches active open-ended mortgage fund

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) – Institutional Mortgage Capital (“IMC”) is pleased to announce the launch of the open-ended Active Mortgage Fund (“AMF”). The AMF was initially launched as a closed-end fund in December 2016. The AMF was converted from a closed-end fund to a variable-capital fund, effective January 1.st of this year.

“The Canadian commercial mortgage market continues to be a source of strong risk-adjusted returns,” said John Ho, CEO and CIO of IMC. “Commercial mortgages that are supported by strong lending fundamentals provide an attractive investment opportunity for investors looking to improve the performance of their portfolio. We continue to sense a strong appetite from institutional investors for commercial mortgages to enhance portfolios in a low interest rate environment. “

AMF is a conservatively managed investment fund that invests in a well-diversified range of Core and Core + commercial mortgages. The AMF is aimed at investors looking for a prudently managed commercial mortgage portfolio designed to improve portfolio returns while controlling portfolio volatility. Like all IMC portfolios, the AMF is well diversified by sector, region and borrower. The main objective of the fund is to provide investors with a consistent and attractive long-term income stream.

About BMI

IMC is an independent investment fund manager and commercial mortgage lender, serving institutional and private clients across Canada. The company was established in 2009 and has more than $ 850 million (as of December 31st, 2020) in assets under management. IMC’s investment team created and closed more than $ 12.6 billion commercial mortgages. The company invests in all segments of the commercial mortgage market including Core / Core +, High Yield and CMBS. In addition to fund and loan management activities, IMC has a fully operational commercial mortgage services company, rated by Fitch Ratings, with more than $ 2.2 billion in Canadian commercial mortgages under administration.

For more information on the AMF, please contact:

Bob fitzpatrick
Managing Director – Senior Relationship Manager
(416) 814-2593
[email protected]

Paul Scholz
General manager
(416) 814-2591
[email protected]

Warning:

The information in this document has been prepared for informational purposes only and does not constitute an offer or a recommendation to buy or sell or a solicitation of an offer to buy or sell any securities or instruments or participation in an investment strategy. This information does not constitute legal, financial, investment or fundraising advice and should not be taken as such. Although care has been taken to ensure the accuracy of the information contained in this document, IMC and AMF, including their respective partners and affiliates, make no representations or warranties, express or implied, as to the accuracy or the completeness of the information contained in this document and nothing contained herein should be taken as a promise or representation, whether of past or future performance. IMC and AMF, including their respective partners and / or affiliates, disclaim all liability relating to such information, including, without limitation, any express or implied representations or warranties for the statements contained in and omissions from such information.