The New Haven Mortgage Income Fund (1) Inc.

Investment Term

Our focus is on long term secure investing. As such, we advocate a minimum 5 year investment plan. However, there are share redemption privileges in years 2 through 5.

Benefits of our Divided Re-Investment Plan (DRIP)

We offer a dividend re-investment plan so our investors can prosper and enjoy the benefits of compounding their return monthly. This is especially attractive for RRSP and RRIF plans.

The example below illustrates the benefits of re-investing dividends earned in the MIC. Without increasing the principle invested, the DRIP allows an investor to benefit from addition earnings of over 30%.

  No Dividend
Re-Investment Plan:
Dividend Re-Investment Plan:
Principal Investment: $150,000 $150,000
Annual Rate of Return: 8% 8%
Term of Investment: 10 years

10 years

Investment Value at the end of the Term: $270,000.00 $328,838.75
Additional Increase in Principal with DRIP: $58,838.75*

Cash and Registered Plan Contributions

Contributions can be made with cash investments. Moreover, New Haven Mortgage Income Fund (1) Inc. qualifies under the following plans:

  • Registered Retirement Savings Plan (RRSP)
  • Registered Retirement Income Fund (RRIF)
  • Life Income Fund (LIF)
  • Locked-in Retirement Account (LIRA)
  • Individual Pension Plan (IPP)
  • Registered Education Savings Plan (RESP)
  • Tax Free Savings Account (TFSA)


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