Overview of New Haven Mortgage Income Fund

New Haven is a Mortgage Investment Corporation (MIC) focused on offering short-term mortgages to homeowners and allows people an opportunity to invest in mortgages across Ontario. New Haven manages a diversified portfolio of approximately 450 mortgages and aims to provide investors with a monthly distribution. The Fund invests in residential mortgages 90.75% vs 9.25% commercial mortgages.

New Haven MIC offers two different share classes – MIC O and MIC D. The MIC O weighted average yield for 2024 was 6.50% and the maximum loan-to-value (LTV) is 55%. MIC D weighted average yield for 2024 was 8.45% with an LTV of upto 80%.