GMIC Quarterly Dividend Distribution, Third Quarter of 2023 Fiscal Year

“Relentlessly strive for the best; as only the virtuous ones can bear the utmost burden”. We relentlessly pursue the principles of honesty and trust, we value our shareholders, borrowers, and our dedicated professional employees.

Since our company’s founding ten years and nine months ago, we have invested in 682 mortgages in total with a cumulative loan amount of $893.62 million, yielding a cumulative dividend distribution of $74,769,346 made up of 43 regular dividends and 3 special dividends. Our mortgage portfolio currently stands at $192.59 million, with assets under management of $230.00 million. Our mortgage portfolio has historically been focused on British Columbia but has also been diversified across Alberta, Ontario, and Quebec.

Despite the significant challenges of past years, including global economic uncertainty, higher energy, and food prices, mounting inflation rate, and COVID-19’s lingering impact, GMIC has continued to pay a stable dividend of 2% in each quarter of 2020, 2021, and 2022. We are now happy to announce that we will distribute the Q3 dividends of our 2023 fiscal year, according to our new target return of 8.75% simple interest and 9.04% compound interest.