Manchester Investments Inc - Overview and Performance
AMUR
CAPITAL
◉
MANCHESTER OVERVIEW
Manchester was established in 2009 as a Mortgage Investment Corporation ("MIC") as per the Canadian Income Tax Act
All MICs are "Flow Through Investments" in which 100% of profits are distributed annually to the participating shareholders
All of Amur Capital's funds focus on Canadian residential mortgages
Manchester is the 2nd largest of the three funds offered by Amur Capital and is focused on lower risk residential mortgages
AMUR CAPITAL'S GROUP OF FUNDS1
Fund
Fund Size
Manchester
INVESTMENTS
Fund Objective
% Portfolio in
1st/2nd Mortgages²
Risk
LTV
Yield Target
Profile
Manchester
Investments
$218 Million
Conservative
82% / 16%
47%
6.75% to 7.25%
Medium
Ryan Mortgage
$648 Million
Balanced
31% / 57%
53%
8.75% to 9.25%
Medium
Blue Stripe Financial
$17 Million
Growth
3%/79%
74%
Over 12%
High
Notes:
1) As of December 31, 2022.
2)
% of Portfolio by total dollar value of mortgage exposure. Each fund also includes a proportion of non first and second mortgages that make up the remaining balance of the fund. Manchester - 2%; Ryan - 12%; Blue Stripe - 18%.
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