Amur Capital Income Fund
Private Corporation (MIC) · Residential
Managed by Amur Financial Group
Data as of: March 31, 2026
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
Amur Capital Income Fund Inc. (ACIF) is a residential mortgage investment corporation established in 1984. The fund lends to borrowers outside conventional bank lending criteria, sourcing mortgages exclusively through affiliated originators Alpine Credits and Sequence Capital. ACIF reported AUM of approximately $1.09 billion as of Q1 2026 and a 2025 net return of 10.65%. Note: as of Q1 2026, the fund is closed to new subscriptions.
At a glance
| Assets under management (AUM) | $1.1B CAD |
| 2025 return | 10.65% |
| Overall LTV | 55% |
| First mortgages | 44.5% |
| Property focus | Residential (98%) / Commercial (2%) |
| Structure | Private Corporation (MIC) |
| Investor access | Closed to new investors |
Portfolio & performance
The portfolio is composed of residential mortgages (98%) and commercial mortgages (2%).
| Property Type | Share (%) |
| Residential | 98% |
| Commercial | 2% |
Amur Capital Income Fund has a focus on Ontario, with 41.93% of its mortgages located in Ontario, followed by BC (41.91%), Alberta (16.04%), Quebec (0.12%).
| Province/Region | Share (%) |
| Ontario | 41.93% |
| Quebec | 0.12% |
| BC | 41.91% |
| Alberta | 16.04% |
Amur Capital Income Fund returns
| Calendar year | Net return |
| 2023 | 11.08% |
| 2024 | 11.71% |
| 2025 | 10.65% |
Return objective (2026)
Amur Capital Income Fund has a target return of 10% for 2026.
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | Amur Financial Group Inc. (AFG) |
| Management fee | 2% |
| Performance fee | No |
| First mortgages | 44.5% |
| Leverage | Leveraged |
| Series/classes | Single class |
| Latest data | March 31, 2026 |
Additional fund details
The Amur Capital Income Fund is currently closed to new subscriptions and is not accepting investments from new or existing investors.
Investor access
Currently closed to new investors
This fund is currently not available to new investors.
About the manager
Amur Capital Management Corporation is a Surrey, BC–based exempt market dealer — registered in British Columbia, Alberta, Manitoba, Saskatchewan and Nova Scotia — and the investor-facing arm of Amur Financial Group (AFG), a vertically integrated alternative mortgage lender operating since 1969. AFG manages three residential mortgage investment corporations: the Income Fund (established 1984), the Conservative Income Fund (2009) and the High Yield Fund (2017), with roughly $1.36 billion in combined assets as of Q1 2026. The funds lend to Canadian borrowers who fall outside the conventional banking system, sourcing deal flow exclusively from affiliated originators Alpine Credits and Sequence Capital, and use bank credit facilities to modestly leverage their portfolios. All three funds are currently closed to new subscriptions.
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