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The CMI MIC Funds offer a combination of consistent returns by investing primarily in residential mortgages. The funds are designed to generate net annual returns of between 6% and 11% depending on the fund selected, directly to shareholders.
The CMI MIC invests primarily into first and second residential mortgages in strong, stable urban real estate markets across Ontario and the rest of Canada. Each fund is strictly monitored with respect to loan to value ratios, concentration, and mortgage ranking.