GENESIS MORTGAGE INVESTMENT CORP DECLARES 2017 4TH DIVIDEND

Dear shareholders of Genesis MIC,

        Genesis Mortgage Investment Corporation (Genesis MIC) is pleased to announce in Vancouver on October 13, 2017 that our Board of Directors have decided that the fourth quarter dividend continues to be CAD0.02/unit. The dividend shall be deposited to your account on October 16, 2017 (October 15, 2017 being a Sunday), covering the interest from July 1, 2017 to September 30, 2017, a total of 92 days. Please check your bank account for the deposit. Online access to your personal account information is also available at www.gentaicaptial.com. If there are any questions, don’t hesitate to contact us!



Key Financial Data

       It has been the mission and goal of Gentai Capital Corporation to achieve stable, safe, and above-average investment returns for its shareholders by implementing such risk control measures as 100% secured loan and joint-and-several liability guarantee. In the fourth quarter of 2017, Gentai Capital Corporation continues to deliver to its shareholders an annual interest rate of 8% and an annual compound interest rate of 8.24%, making it the 20th distribution of stable cash flow for its shareholders since its inception in 2012. The total amount of this quarterly distribution is CAD1,297,767.96, the 20th distribution of regular dividend in addition to one distribution of special dividend. Up to September 30, 2017, cumulative dividend distributed has reached CAD12,547,395.37.

 

20 Consecutive Distributions of Dividends by Genesis MIC 

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(Up to September 30, 2017) 

       The end of the fourth quarter of 2017 marks the 5th anniversary of Gentai Capital Corporation. It is also the 20th time Gentai Capital has achieved its annual expected rate of return of 8.24% for the shareholders of Genesis MIC. Gentai has grown into a reliable investment brand with a good reputation and a strong business presence as opposed to being a fledgling financial company five years ago. It was rated the 14th fastest growing company in Canada by Canada Business in 2016. While gaining market recognition, the company has constantly improved its business income, laying a solid foundation for the next giant leap ahead!

Future Prospects

Effective as of October 2016, investments in Genesis MIC can be made through TFSA (Tax-Free Savings Account) and RRSP (Registered Retirement Savings Plan). For all investment returns on these accounts, tax may be reasonably avoided/deferred, leaving shareholders much room to deal with other taxable items. However, we’d like to draw your attention to the fact that only Canadian residents for tax purposes may enjoy the benefits of these registered accounts. Should you have any questions, please contact us through WeChat, phone, or email.

Focus on the Market, and Create Value; Preserve Capital, and Enjoy the Future Together. By delivering to its shareholders an annual interest rate of 8% and an annual compound interest rate of 8.24% in the fourth quarter of 2017, marking the 20th distribution of regular dividend in addition to one distribution of special dividend, Gentai Capital Corporation has kept generating stable returns and cash flows for its shareholders. Gentai Capital Corporation has held on tight to its commitment to providing a capital preservation and wealth generation platform for its shareholders.

As Gentai Financial Group is moving into the new Gentai Building in December 2017, it is taking the company to the next new level of growth, expansion and prosperity. We have full confidence, capability, and capacity to maintain reliable and above-average returns for our investors! Gentai Capital Corporation preserves and generates capital for you. Choose Gentai, and enjoy a life of wealth and happiness.

On behalf of Gentai Financial Group, we express our sincere thanks to you for your staunch support. Should you need more information, please contact our Investment Division at 604-762-6266 (Mr. Michael Chen) / 604-767-5880 (Ms. Anya Han) or visit our website at www.gentaicapital.com.

Gentai Capital Corporation

October 16, 2017

 

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Highlights of the 4th Quarter

  1. Total mortgage interest of $1.79 million, a 16.23% increase compared to the previous quarter;
  2. Regular quarterly dividend continues at 2% with an annual rate of 8%, plus special dividend at year end, as determined by the Board of Directors.
  3. Average Loan-to-Value ratio is 53.70%.
  4. Mortgages receivable has reached $75.38 million, an increase of 15.22% in mortgage volume compared with the previous quarter.

Continued focus on low-risk real estate market

Mortgage Portfolio Analysis

Mortgage Portfolio Analysis up to September 30, 2017



By Property Location:

Mortgaged properties are mainly located in central areas with Vancouver, Surrey, and West Vancouver as top three locations. Priority is given to urban centers where property market is more active with stronger risk resistance.

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By Mortgage Type:

There are single houses, townhouses, condos, commercial properties, building and construction loans, among which single houses claim the highest ratio, 43.80% of the total. A diversified investment portfolio mitigates risks.

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By Loan Interest:

Up to September 30, 2017, the average loan interest is 10.14%. Gentai Capital Corporation exercises strict risk control over lending. Our prudent and rigorous lending policy not only generates a stable return of 8.24 for five consecutive years, but also puts a cap on higher-interest risky deals.

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By Loan-to-Value Ratio:

Up to September 30, 2017, the average LTV ratio is 53.70%. The total LTV ratio of more than 95.3% of the loans is lower than the 75% of the third-party appraised value.

Since the second quarter of 2016, the highest LTV ratio of Genesis MIC has been lowered from 75% to 65% in response to recent and future uncertainties in the real estate market.

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By Loan Position:

In the coming two years, Genesis Capital Corporation will gradually increase the percentage of 1st position loans.

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A Mortgage Investment Manager

Long-term Sustainable Wealth Growth Starts With Gentai