Frontenac MIC just got a little better! In an effort to provide our investors and advisory partners with improved liquidity and portfolio flexibility, Frontenac MIC is changing from an annual to a quarterly redemption privilege effective November 30th, 2021.
Redemptions will now be permitted at the end of each of the following months: November 2021, February 2022, May 2022, August 2022 and so on.
As the mortgage assets held within Frontenac are considered relatively illiquid, we remain focused on partnering with advisors and investors who are long term allocators of capital. With consistent returns of 5% – 6.5% annually after fees, we believe that Frontenac investors share our view that a long term hold of this alternative fixed income investment is in their best interest.
Who says you can’t have your cake and eat it too?
Investors and advisors have enjoyed our consistent, stable returns for many years now; and as a greater proportion of the Canadian population approaches their retirement years, the need for more portfolio flexibility and liquidity just makes good sense. Looking ahead, traditional fixed income investments could also find it challenging to meet Canadians’ cash flow needs; so many of us are now turning to uncorrelated alternative fixed income investments to help us achieve our goals and realize our dreams.
We believe that this improvement to more flexible quarterly redemptions will have a positive and long-lasting impact while we continue to focus on capital preservation and consistent returns for each of our Frontenac investors.
Please note that investing with us for the short term could have consequences: a 2% early redemption fee will apply if a redemption request is made within the first 12 months after purchasing Frontenac. More information is available in the Frontenac Prospectus.
If you are an Investment Advisor, or a part of an Investment Advisory business, and would like to learn more about Frontenac as a potential fixed income solution to help support your investing clients, please contact Gord Ross, Senior Vice-President & Chief Sales Officer at email@example.com or 1-877-279-2116 ext. 189.