Manchester Investments Inc - Overview and Performance
AMUR
CAPITAL
MANCHESTER INVESTMENT OBJECTIVES & POLICIES
INVESTMENT OBJECTIVES
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To earn the preferred shareholders a net return exceeding 7.00%
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Manchester
INVESTMENTS
Maintain a weighted average loan-to-value of less than 50% of the total mortgage portfolio (current loan-to-value is 47.0%)
KEY INVESTMENT GUIDELINES
All investments must be secured by mortgages on Canadian real estate
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For 1st mortgages, the loan-to-value on each individual mortgage can not exceed 75%
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For 2nd mortgages, the loan-to-value on each individual mortgage can not exceed 65%
All mortgages require a recent independent property appraisal prior to investing
The term on any mortgage is not to exceed 2 years without board approval
No more than 10% of the portfolio can be invested in commercial properties
No investment shall be made on a non single family dwelling development property
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