A medium-term investment fund composed of a diversified portfolio of commercial and multi-residential mortgages across Canada. TG Income Trust II provides a fixed quarterly return to investors while preserving invested capital by maintaining a steady net asset value. The trust holds investments in first position and second position mortgages, sub-tranches of mortgages, and blanket mortgages secured by multiple properties.

Fund Summary

Fund Manager Trez Capital Fund Management Limited Partnership
Asset Class Income trust fund
Inception Date October 2009
Minimum Investment $2,000 (200 units)
Eligibility RRSP / RRIF / TFSA / RESP / RDSP / DPSP
DRIP Eligible No
Fund Assets (12/31/2016) $21,529,778

Case Studies

  • Retail Development - Calgary
     
    Retail Development - Calgary
    Loan: $7,150,000
    Security Rank:Blanket 2nd Mortgage + Mezz.
    Term:24 months
    Interest Rate:14.0%
    Loan-to-Value:72.0%
    Description:
    Two rental apartment development sites located in Calgary, AB comprising of 0.58 and 0.75 acres.

Portfolio Composition

Mortgage Loan Portfolio $19,457,332
Cash (and Equivalents) $1,619,687
Other Assets $36
Total Fund Assets $21,077,055
No. of Mortgage Investments 9
Average Mortgage Size $2,161,926
Average Loan-to-Value 83.0%

Geographic Region

Alberta
66.7%
Canada (Other)
25%
British Columbia
5%
Ontario
3.3%

Asset Class

Residential
60.9%
Office
39.1%

Security Rank

First Mortgages
38.7%
Second Mortgages
35.1%
Blanket Mortgages
19.7%
Cash and Other Assets
1.4%

Weighted Average Term to Maturity

121 Days - 240 Days
26.6%
241 Days - 365 Days
66.7%
Over 365 Days
6.7%

Historical Performance

  2017 YTD 1 Year 3 Year 5 Year Since Inception
TG Income Trust II -  Series A1 N/A 7.8% 7.8% 7.8% 7.8%
TG Income Trust II -  Series B N/A 7.8% 7.8% 7.8% 7.8%
TG Income Trust II -  Series C2 3.6% 7.1% N/A N/A 7.1%

1 A Series units matured on July 15, 2014.

1  The Series C return for 2013 is an annualized return as the initial closing date of Series C-1 units was October 23, 2013.

Growth of $10,000

1 A Series units matured on July 15, 2014

Distribution History

Year Series Q1 Q2 Q3 Q4 Total Quarterly Distribution Annual Distribution
2017 C-1 $0.175 $0.178     $0.353 $0.353
  C-2 $0.175 $0.178     $0.353 $0.353
  C-3 $0.175 $0.178     $0.353 $0.353
  C-4 $0.175 $0.178     $0.353 $0.353
  C-5 $0.175 $0.178     $0.353 $0.353
  C-6 $0.175 $0.178     $0.353 $0.353
  C-7 $0.175 $0.178     $0.353 $0.353
  C-8 $0.175 $0.178     $0.353 $0.353
2016 B-18 $0.199 $0.199 $0.201 $0.083 $0.612 $0.612
  B-18 $0.199 $0.199 $0.201 $0.083 $0.682 $0.682
  C-1 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
  C-2 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
  C-3 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
  C-4 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
  C-5 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
  C-6 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
  C-7 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
  C-8 $0.178 $0.178 $0.177 $0.177 $0.71 $0.71
2015 B-11 $0.197 $0.199 $0.202 $0 .125 $0.723 $0.723
  B-12 $0.197 $0.199 $0.202 $0.125 $0.723 $0.723
  B-13 $0.197 $0.199 $0.202 $0.125 $0.723 $0.723
  B-14 $0.197 $0.199 $0.202 $0.125 $0.723 $0.723
  B-15 $0.193 $0.199 $0.202 $0.125 $0.719 $0.719
  B-16 $0.191 $0.193 $0.202 $0.125 $0.711 $0.711
  B-17 $0.191 $0.193 $0.202 $0.125 $0.711 $0.711
  B-18 $0.191 $0.193 $0.201 $0.125 $0.710 $0.710
  B-19 $0.191 $0.193 $0.199 $0.125 $0.709 $0.709
  C-1 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  C-2 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  C-3 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  C-4 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  C-5 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  C-6 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  C-7 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  C-8 $0.175 $0.177 $0.179 $0.179 $0.71 $0.71
  A1 $0.194 $0.194 $0.030 $0.000 $0.418 $0.418
2014 B $0.194 $0.194 $0.194 $0.194 $0.775 $0.775
  C $0.178 $0.178 $0.178 $0.178 $0.710 $0.710
  A1 $0.194 $0.194 $0.194 $0.194 $0.775 $0.775
2013 B $0.194 $0.194 $0.194 $0.194 $0.775 $0.775
  C $0.178 $0.178 $0.178 $0.178 $0.710 $0.710

1 A Series units matured on July 15, 2014.  Distributions are pro-rated based on the maturity date of the units.

 

 

Distribution Schedule

  Record Date Expected Pay Date
First Quarter March 31 April 15
Second Quarter June 30 July 15
Third Quarter September 30 October 15
Fourth Quarter December 31 January 15

Note: Distributions are taxed in the year that they are earned. T3 slips are distributed to all unitholders in March of each year following completion of the year end audit and payment of the annual top-up distribution.

Fees

Management Fee Quarterly fee equal to the amount by which Net Revenue exceeds the Aggregate Fixed Return and Trust expenses for all Series

Minimum Investment

Province Minimum purchase per investor (units)1 Minimum purchase per investor ($)1
Series A 200 $2,000
Series B 200 $2,000
Series C 200 $2,000

1  There is no regulatory minimum subscription amount for investors; however, the minimum initial purchase amount established by the Manager is 200 units at $10 per unit ($2,000).

 

 

NEW INVESTMENT

TGIT Income Trust II is currently closed to new investments.

Quarterly Unitholder Reports