Magenta Mortgage Investment Corporation
Private Corporation (MIC) · Residential
Managed by Magenta Capital Corporation
Data as of: May 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
Magenta MIC is an Ontario-focused residential mortgage investment corporation that lends exclusively within Ontario to borrowers who fall outside conventional bank criteria, sourced through Magenta's broker network. The portfolio is approximately 89% first mortgages at a weighted-average loan-to-value near 69%, and held about $459 million in assets. It delivered net returns of roughly 7.91% (2023), 8.60% (2024) and 7.58% (2025), pays monthly distributions, and its shares are eligible for registered accounts (RRSP, TFSA), with a $30,000 minimum investment.
At a glance
| Assets under management (AUM) | $459M CAD |
| 2025 return | 7.58% |
| Overall LTV | 69.4% |
| First mortgages | 89.3% |
| Property focus | Residential (100%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
Magenta Mortgage Investment Corporation has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
Magenta Mortgage Investment Corporation returns
| Calendar year | Net return |
| 2023 | 7.91% |
| 2024 | 8.6% |
| 2025 | 7.58% |
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | Magenta Capital Corporation |
| First mortgages | 89.3% |
| Leverage | Leveraged |
| Series/classes | F |
| Latest data | May 31, 2026 |
Additional fund details
Portfolio figures are as of May 31, 2026. Returns shown are Series F annual returns for fiscal years ending October 31. The fund’s current annualized distribution rate is 7.11%. Leverage was last publicly verified in the March 2023 offering memorandum, and more recent facility terms were not identified. The maximum 2.975% general-partner priority distribution disclosed in that document is not classified as a management fee.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $30,000.
The minimum investment amount through an advisor or dealer is $30,000.
About the manager
Magenta Mortgage Investment Corporation is a private Ontario MIC investing in short-term residential first and second mortgages. Its lending focuses on borrowers who fall outside conventional bank underwriting criteria, with mortgages sourced through Magenta’s broker network. The fund distributes income monthly and its shares are eligible for registered and non-registered accounts.
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