The PHL Advantage for Investors

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What is a MIC?

A Mortgage Investment Corporation (“MIC”) is an investment and lending company that allows investors to pool funds in a diversified and secured portfolio of residential and commercial mortgage loans. Shares of a MIC are qualified investments under the Canadian Income Tax Act (Section 130.1) for RRSP’s, RRIF’s, TFSA’s, LIRA’s, LIFF’s and RESP’s. The Income Tax Act requires that 100% of a MIC’s annual net income be distributed to its shareholders.

MIC Advantages

MIC’s offer investors a number of attractive advantages, including:


  • Experienced management

  • Each mortgage secured by tangible Real Estate

  • Historically Stable Returns

  • Investors own a diversified portfolio of mortgages

  • Typically higher yields than traditional investment products

  • Ability to invest via self-directed RRSP’s, RRIF’s, TFSA’s, LIRA’s, LIFF’s and RESP’s

established in 2006 and funded over $800 million in mortgages to date



The chart above illustrated the growth of a $100,000 investment since inception with compounding quarterly dividends only and no additional contributions.

Our Results

Steady and Consistent Growth

PHL has generated steady, consistent returns since its inception in 2006.




Risk Mitigation

PHL has built a proven and established underwriting process upon the following fundamentals:


  • Strategic Lending Area

    We offer financing primarily in Metro Vancouver and the Fraser Valley only, where both markets exhibit long-term stability, growth and liquidity.

  • Credit Committee

    All mortgages are reviewed by our four-member credit committee.

  • Loan-to-Value Ratio

    Our mortgages never exceed 75% of the appraised property value.

  • Approved Appraiser List

    Every application requires a current appraisal prepared by a qualified and internally approved Appraiser.

  • Mortgage Security

    All mortgage security prepared and reviewed by qualified legal counsel.

  • Stringent underwriting procedures and guidelines

    These lending guidelines continue to help PHL successfully navigate the risks associated with real estate investment.


Shareholders will be entitled to receive dividends on a quarterly basis. Dividends may be taken as cash or reinvested as additional shares. Dividends reinvested as additional shares will qualify for future dividends.

Dividends are paid out as follows:

Q1 – September 1st

  • Interest accrued from September 1st to November 30th
  • Divided paid out by December 31st

Q2 – December 1st

  • Interest accrued from December 1st to February 28th
  • Dividend paid out by March 31st

Q3 – March 1st

  • Interest accrued from December 1st to February 28th March 1st to May 31st
  • Dividend paid out by March 31st

Q4 – June 1st

  • Interest accrued from June 1st to August 31st
  • Divided paid out within 90 days of Fiscal Year End (August 31st)


Have more questions about Investing?

View FAQ Section

How to Invest

Please Contact Ravi Munday, Investment Manager, if you are considering investing with PHL Capital Corp.
Phone: 604-579-0844 Email:
If you would like to proceed with investing, please complete the most applicable form for you below and send to us via email or fax.

Prospective investors may invest in our quarterly share offerings held on:

Please complete forms to invest:

Personal Investment Form
Corporate Investment Form