Manchester Investments Inc - Overview and Performance
AMUR
CAPITAL
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CAPITAL STRUCTURE, REGULATORY & GOVERNANCE
There are approximately $121 million preferred shares of Manchester outstanding (~175 shareholders)
Manchester has a very simple capital structure:
(i) 1 Preferred Share = $1.00 = 1 Vote
Manchester
INVESTMENTS
(ii) Preferred Shares receive 100% profits
Leverage is employed with a $150 million operating line of credit provided from a syndicate of four chartered Canadian banks
Management is subject to monthly bank compliance reports, quarterly board reviews, an annual bank audit and an annual financial statement audit
(MNP LLP)
REGULATORY OVERSIGHT
Mortgage Lending Activities
Province
Investors
BC
AB
ON
BC Securities Commission
Alberta Securities Commission
Ontario Securities Commission*
British Columbia Financial Services Authority
Real Estate Council of Alberta
Financial Services Regulatory Authority of Ontario
* Amur Capital is not registered as an Exempt Market Dealer ("EMD") in Ontario.
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