• Capital Direct I Income Trust is one of the larger Mortgage Investment Entities (MIEs) in Canada. The MIE is focused on first/second mortgages for single family residential units in B.C. and ON.
  • In 2023, mortgage receivables were up 8% to $393M vs our forecast of $398M. In Q1-2024, receivables increased 7% YTD to $418M - the highest in Capital Direct’s history.
  • The yield on class F units increased from 7.5% in 2022, to 8.6% in 2023 (our forecast was 8.0%), and to 9.4% in Q1-2024.