Mortgage Investment Entities (“MIE”) are mortgage funds that pool together money from investors to lend to people as mortgages. Each mortgage is secured by a real property, such as a house, condo, etc., but the MIE investor doesn't own a piece of that real property. MIEs can contain commercial mortgages, residential, bare land etc. 

Neighbourhood Holdings Income Trust I (“NHIT”) is an MIE structured as a pool of mortgages within an income trust. NHIT seeks to provide its investors with stable income while preserving invested capital. This is achieved by investing in a diversified portfolio of primarily variable-rate residential mortgages located in urban and suburban areas across Canada. NHIT is 100% residential. NHIT incorporates leverage into its investment strategy. NHIT has access to a credit facility provided by a syndicate of five financial institutions, which is available, along with investor capital, to fund mortgages within NHIT. 

Fisgard Capital Corporation (“FCC”) is a mortgage investment entity structured as a pool of mortgages within a mortgage investment corporation ("MIC"). FCC seeks to provide its investors with stable income while preserving invested capital. This is achieved by investing in a diversified portfolio of primarily residential mortgages, with some commercial and construction mortgages, located in urban and suburban areas across Canada. While FCC historically utilized fixed-rate mortgages, it now funds mortgages using a variable-rate mortgage. FCC also has access to a credit facility, but does not incorporate leverage into its investment strategy to the extent of NHIT.

NHIT invests in a diversified portfolio of 100% residential mortgages, primarily in first position in urban and suburban areas across Canada, specifically in the provinces of BC, AB, SK, ON, QC, and NS.

FCC invests primarily in residential first-position mortgages and diversifies with a mix of second-position, commercial, and construction mortgages, in urban and suburban areas across Canada, specifically in the provinces of BC, AB, MB, SK ON, QC, and NS.

Units of NHIT are primarily offered through third-party dealers. Contact your advisor or investors@neighbourhood.com to discuss. FCC is primarily sold through Fisgard Capital Management Ltd. (“FCM”). FCM is registered as an exempt market dealer in Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan, and is considered a "captive dealer" because it solely offers securities of connected issuers and related issuers. Contact investors@neighbourhood.com to discuss.

Investors interested in participating as unitholders/shareholders in a portfolio primarily of residential mortgages. NHIT and FCC are available for registered and non-registered plans. Subscriptions for the purchase of NHIT and FCC must be made in accordance with prospectus exemptions, such as the Accredited Investor exemption. Reliance on other prospectus exemptions is also available.

No, there is no secondary market available for trading NHIT units. Redemptions of all Series of NHIT and Class A of FCC can be requested monthly, subject to restrictions and with 90 days’ notice. Investments redeemed prior to the 1-year anniversary are subject to a 4% early redemption fee.

We have never refused a redemption. It is important to note that, like all MIEs and other alternative investments, redemptions of NHIT units and FCC shares are subject to various restrictions and conditions. See the applicable Offering Memorandum (OM) for further details. Our FCM team is also available to discuss.

Fund performance shown on the Fund Fact Sheet is calculated using a time-weighted methodology and assumes that all distributions are reinvested.

“Net yield” is the return paid to investors after paying for any costs relating to that income such as the management fees and other operational expenses.

Income is distributed to investors each month.

Yes! Investors have the option to enroll in NHIT’s or FCC’s Distribution Reinvestment Plan (“DRIP”) to have their income reinvested into additional units of NHIT each month.

We love transparency; that’s why we release NHIT’s Monthly Investor Updates to review performance, the portfolio, and The Chart of the Month, which takes a deeper dive into an aspect of the fund we feel investors would appreciate hearing about. If you would like to join our distribution list, please subscribe here. Further to the acquisition of Fisgard Asset Management Corp (FAMC) and our commencement as manager of FCC in October 2025, we are planning increased communication with FCC investors in 2026.

Talk to our FCM Team or your financial advisor. Prospective investors should read the Offering Memorandum (“OM”), including the Risk Factors, before investing. Please see NHIT and FCC’s OM.