Romspen US Mortgage Fund available in Canadian dollars and eligible for registered plans


TORONTO–(BUSINESS WIRE)–Romspen Investment Corporation, a leading non-bank provider of commercial mortgage solutions in Canada and the United States, today announced the launch of a new Canadian dollar feeder fund for its primary US mortgage fund. The Romspen US Mortgage Investment Trust will provide qualified Canadian investors with access to the main fund’s US commercial mortgage portfolio. The new fund is also designed to be a qualified investment for registered plans.

“Our decision to introduce what is essentially a Canadian dollar version of our existing US dollar feeder fund is driven by growing demand from Canadian investors seeking the stable net returns offered by our US master fund,” said Derek Jenkin. , managing partner of Romspen. .

Romspen’s U.S. core fund holds a diversified portfolio of commercial mortgages and has delivered steady returns for income-seeking investors for the past five years. For an overview of Romspen’s US dollar feeder fund, Click here.

“2022 has been defined by economic uncertainty, with more and more investors seeking ‘safe havens’ of the kind that Romspen has historically provided to help get through these trying times,” Jenkin says. “Romspen’s funds do not rely on leverage to increase returns. All of our mortgages are carefully underwritten to provide a margin of safety and are well diversified across regions, submarkets and property types.

Romspen’s mandate is to provide consistent returns while protecting investors’ capital. Over the past 10 years, its flagship mortgage investment fund Romspen has offered investors an average annualized net return of 7.6%.

Features of the new Romspen US Mortgage Investment Trust:

  • Feeder fund to the US master fund, which is primarily invested in short to medium term (typically 6 months to 2 years) first mortgage loans in the United States in various types of properties, including industrial, residential, condominiums, hotels, offices and retail

  • The US master fund has generated annualized net returns of 8% to 10%, since its inception in August 2017 through June 2022

  • Available to qualified Canadian investors

  • Denominated in Canadian dollars

  • Structured to be eligible for most registered plans, including RRSPs and TFSAs

  • Hedged to protect against CAD/USD fluctuations

  • Intended to generate monthly cash distributions for investors, with an option to reinvest distributions.

The new fund will be available through select investment advisors or by contacting Romspen at 416-966-1100 or [email protected]

About Romspen Investment Corporation: Romspen is one of Canada’s largest private mortgage investment companies with nearly $3 billion in assets under management in North America. Over its 57-year history, Romspen has invested over $10 billion in over 700 mortgages while consistently creating and delivering value to investors and borrowers. Investors in Romspen’s funds include high net worth individuals, foundations, endowments, pension plans and other institutions.

This press release is for informational purposes only. It is not investment advice or financial products and is not intended to be used as a basis for making an investment decision. This press release is not and does not constitute an offer to sell, or a solicitation, invitation or recommendation to buy any securities in any jurisdiction. A distribution of Units of the Fund described herein will be made only pursuant to its offering memorandum and only to investors who qualify under certain exemptions from prospectus requirements under applicable securities laws. Copies of the offering memorandum will be available from Romspen, which should be considered carefully before making a purchasing decision. Past performance does not guarantee future results.

This press release contains forward-looking statements or information under applicable securities laws. Because forward-looking statements and information relate to future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of risks. The forward-looking statements and information contained in this press release speak as of the date of this release, and Romspen undertakes no obligation to publicly update or revise the forward-looking statements or information included herein, whether as a result of new information , future or other events, except as required by applicable securities laws.

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