Eclipse Residential Mortgage Investment Corp. (TSX: ERM)

  • Single family, owner-occupied residential mortgage portfolio secured by homes in liquid urban centres across Canada
  • Over 800 mortgages, diversified by term and property location
  • Monthly dividends: 8.5% current annual dividend rate1

Annual Compound Returns(2) 1-Year 3-Year 5-Year Since Inception(3)
Eclipse Residential Mortgage Investment Corp. (TSX: ERM) 8.8% 8.5% 8.6% 8.0%

Mortgages sourced by MCAP: A Leading Mortgage Lender

  • Originates, underwrites and services residential and commercial mortgages
  • Manages approximately $70 billion in mortgages on behalf of banks, lifecos, credit unions and institutional investors
  • Approximately $62 billion in single family residential mortgages
  • Annual mortgage originations of ~$14 billion
  • Over 750 professionals in 8 offices across Canada


(1) Source: Thomson Reuters as at December 31, 2018;
(2) Returns are for the periods ended December 31, 2018. Past performance does not necessarily indicate how the Corporation will perform in the future. The returns of the Corporation are based on Net Book Value per share (Net Asset Value per share prior to January 2017) and assumes that dividends made by the Corporation on the shares in the periods shown were reinvested at Net Book Value (Net Asset Value per share prior to January 2017) in additional shares of the Corporation. The performance of the Corporation is calculated after deducting such fees and expenses and includes the impact of leverage.
(3) Source: Brompton, Thomson Reuters;
(4) Inception date June 28, 2013

This may contain forward-looking statements including statements relating to the payment of any dividend or other distribution. Dividends are declared from time to time by the Board, acting in its sole discretion and there can be no assurance that the Corporation will make any dividends in any particular period. Assumptions used to develop forward-looking statements include assumptions related to: payment of any dividend or other distribution, the ability of Eclipse to continue to qualify as a mortgage investment corporation under the Income Tax Act (Canada), and the impact of recent regulatory changes on the Canadian mortgage market and Eclipse. Forward-looking statements involve risks that may cause actual results or events to differ materially from those anticipated, including the risks described under the heading “Risk Factors” in Eclipse’s most recent Annual Information Form filed on Eclipse’s SEDAR profile at www.sedar.com. Although Eclipse believes the expectations reflected in the forward-looking statements are reasonable, no assurance can be given that actual results will be consistent with these expectations and forward-looking statements. Potential investors should not place undue reliance on forward-looking statements.