Romspen Mortgage
Investment Fund

  • Performance built on a foundation of low risk tolerance, rigorous underwriting and many decades of experience
  • A long history of consistent cash distributions
  • The Fund’s investments are secured by commercial real estate including land, retail, industrial, office and multi-family properties
  • The Fund seeks compelling opportunities in both Canada
    and the U.S. that are often overlooked by traditional institutional lenders

RMIF is available to Accredited Investors and the Fundserv Dealer Network

Romspen Mortgage Investment Fund (CAD) June 30, 2021
  • RMIF Portfolio Size$3 Billion
  • # of Mortgages in RMIF143
  • RMIF Yield (TTM)16.6%
  • Net Asset Value Per Unit$9.73

1 – Trailing 12-Month compounded net yield. Yield is calculated on a cash-on-cash basis, net of fees, and assumes a monthly reinvestment of distributions. It does not take into account income taxes, changes in unit values, third-party expenses or redemption charges.

RMIF Portfolio Allocation – Q2 2021

By Geography
  • U.S
  • Ontario
  • British Columbia
  • Alberta
  • Quebec
  • Other
By Amount
  • Under $5 million
  • $5-10 million
  • $10-$20 million
  • Over $20 million
By Type
  • Construction
  • Term
  • Pre-development
By Maturity
  • 1 -2 years
  • Under 1 year

Performance Overview – June 30, 2021

Net Distribution %
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Yield
2021 0.61 0.51 0.62 0.62 0.62 0.62 6.6%1
2020 0.61 0.61 0.40 0.40 0.40 0.40 0.40 0.41 0.51 0.51 0.51 0.51 5.8%
2019 0.60 0.60 0.60 0.60 0.60 0.60 0.61 0.61 0.71 0.61 0.61 0.61 7.6%
2018 0.60 0.60 0.60 0.60 0.61 0.61 0.61 0.61 0.60 0.60 0.60 0.70 7.6%
2017 0.60 0.60 0.70 0.60 0.60 0.60 0.60 0.60 0.60 0.70 0.70 0.70 7.9%
2016 0.60 0.70 0.60 0.60 0.70 0.60 0.70 0.60 0.60 0.60 0.70 0.70 8.0%
2015 0.70 0.70 0.60 0.70 0.60 0.60 0.70 0.70 0.70 0.60 0.70 0.60 8.2%
2014 0.60 0.60 0.60 0.70 0.60 0.60 0.60 0.60 0.60 0.60 0.70 0.70 7.8%
2013 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 7.4%
2012 0.70 0.60 0.60 0.60 0.70 0.60 0.60 0.60 0.60 0.60 0.60 0.60 7.7%
2011 0.70 0.60 0.70 0.70 0.60 0.70 0.70 0.60 0.70 0.60 0.60 0.70 8.2%
2010 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 8.7%
2009 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 8.7%
2008 0.80 0.80 0.90 0.80 0.80 0.80 0.80 0.80 0.80 0.80 0.70 0.70 9.9%
2007 0.80 0.80 0.90 0.80 0.80 0.90 0.80 0.80 0.90 0.81 0.80 0.90 10.5%
2006 0.80 0.80 0.80 0.80 0.80 0.80 0.80 0.90 0.80 0.80 0.80 0.95 10.3%
2005 0.65 0.06 0.86 0.58 0.88 1.91 0.57 1.08 0.74 0.74 0.57 0.88 9.9%
2004 0.67 1.08 0.83 0.88 0.71 1.02 0.76 0.83 0.63 0.62 0.74 0.68 9.9%
2003 0.84 0.78 0.76 0.70 0.71 0.77 0.83 0.72 0.87 0.76 0.68 0.90 9.7%
2002 0.88 0.71 0.86 0.86 1.01 0.67 0.94 0.81 0.77 0.76 0.77 1.06 10.6%
2001 0.91 0.67 0.83 0.69 0.82 0.76 0.82 0.87 0.73 0.92 0.83 0.73 10.0%
2000 0.87 0.78 0.93 0.74 0.88 0.75 0.81 0.75 0.73 0.79 0.82 0.80 10.1%
1999 0.77 0.74 0.77 0.84 0.88 0.79 0.89 0.71 0.96 0.74 0.84 0.72 10.1%
1998 0.92 0.89 0.92 0.77 0.69 0.76 1.02 0.75 0.80 0.93 0.77 0.87 10.6%
1997 0.89 0.76 0.83 0.83 0.77 0.71 0.87 0.91 0.73 0.87 0.73 0.35 9.7%
1996 0.80 0.85 0.87 0.83 0.91 0.77 0.88 0.96 0.75 1.03 0.83 0.78 10.8%

1– Trailing 12-Month Compounded Net Yield

Year-to-Date Performance
Trailing 12-Month Performance – June 30, 2021

Annual Returns Comparison (1996-2020)

Comparative Performance – Cumulative Returns
3-Year Performance
5-Year Performance
10-Year Performance
25-Year Performance

Romspen results from January 1996 to January 16, 2006 reflect the aggregated pool of individually syndicated mortgages. Romspen yield is calculated on a cash-on-cash basis, net of fees, and assumes a monthly reinvestment of distributions. It does not take into account income taxes, changes in unit values, third-party expenses or redemption charges. Results from January 16, 2006 to present reflect the Romspen Mortgage Investment Fund, the successor to the individually syndicated mortgages.

DEX Short-Term Bond Index was renamed the FTSE TMX Short-Term Bond Index. FTSE STBI returns are based on 22 years of data due to data restrictions.

Romspen yield is net, comparative returns are gross.

The performance charts above reflects historical performance of the fund for the most recent 25-year period.  Full historical performance dating back to January 1993 is available upon request.

Audited financial statements from RMIF are available upon request, performance from 1996 to 2006 is referenced from PWC analysis.

  • Fund Manager Romspen Investment Corporation
  • Structure Trust
  • FundSERV Symbol RIC100
  • Minimum Investment $50,000 (Dealer); $150,000 (Direct)
  • Purchases Monthly on the 1st business day of the month
  • Distributions Monthly on the 15th of the month 2
  • Redemption Monthly on the 15th with 30 days notice 3
  • Registered Plans Eligible
  • Eligibility “Accredited Investor” or other applicable prospectus exemption
  • Fees 1%
  • Early Redemption Charge 2% within the first year, none thereafter
  • Fund Administrator Romspen Investment Corporation/SS&C Technologies Inc.
  • Fund Auditor KPMG LLP
  • Legal Counsel Gardiner Roberts LLP

2 – First business day after the 15th, if the 15th occurs on a weekend or holiday.
3 – Subject to redemption provisions set out in RMIF’s offering memorandum.