KPMG has completed the audited financial statements for MortEq Lending Corp (“MLC”) for the year ended August 31, 2016.
MLC generated a quarterly return of 8.63% for the 4th Quarter, resulting in an 8.21% annual return for Fiscal 2016 or an 8.41% compounded annual return for those reinvesting their quarterly dividends.
We want to remind investors that the Annual Investor meeting is next Thursday, October 27th. We will be reviewing our performance for 2016 and the opportunities for the year ahead. Many of you may also be wondering how the recent provincial real estate tax and federal lending rules may impact our business. We will discuss how our team has addressed these changes and how we will capitalize on the opportunities that will arise.
Location: Northview Golf & Country Club
Address: 6857 – 168th St, Surrey, BC
Date: October 27, 2016
Time: 6:30 pm – 8:00 pm
RSVP: [email protected] or 604-575-7408 ext. 104 before October 25, 2016.
Appetizers & Drinks will be served
We look forward to seeing you next Thursday.
Mark December 1, 2016 in your calendar as this will be the next opportunity to further invest in MLC.