Brompton Group

 

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Portfolio

  • High Quality Single Family Residential Mortgage Portfolio
  • Portfolio will initially be 100% Single Family Residential Mortgages (minimum 80%)
  • Diversification: Over 1000 mortgages, diversified by term and property location
  • Liquidity: Underlying properties are expected to be highly saleable homes in major urban centres
  • Low Duration: Focus on mortgages with terms of up to 3 years

Mortgage Consultant & Mortgage Services Provider
MCAP Financial Corp.

  • One of Canada’s largest non-bank lenders with over 20 years of experience underwriting and servicing Single Family Residential Mortgages
  • MCAP manages over $36 billion in mortgages for banks, lifecos, credit unions and institutional investors; approximately $9 billion of mortgage originations per year
  • Principal owners: Caisse de dépôt et placement du Quebec (one of Canada’s largest pension fund managers) and MCAN Mortgage Corporation (TSX: MKP)
  • MCAP’s Competitive Advantage: Proprietary lending and servicing systems, extensive underwriting expertise, deep broker network & funding sources
  • MCAP will originate and service all mortgages for Eclipse Residential MIC

Management Fee & Mortgage Servicing Fee
Total management fee and mortgage servicing fee of 1.35% of net asset value per annum

Strong Corporate Governance
Managed by Brompton Funds Limited

Liquidity
TSX listing
Annual redemptions (commencing December 2014)
Market repurchases (issuer bid)

Symbol(s)

TSX : ERM

NAV (Apr 17, 2014)

$9.24

Monthly Distribution (Jun 30, 2014)

$0.05

Closing Price (Apr 24, 2014)

$8.30

Current Yield (Apr 24, 2014)

7.20%

Total Assets (Mar 31, 2014)

$36 million

Portfolio Composition
Portfolio Summary
Investor Brochure