A medium-term investment fund composed of a diversified portfolio of commercial and multi-residential mortgages across Canada. TG Income Trust III 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 July 14, 2016
Minimum Investment $2,000 (200 units)
Eligibility RRSP / RRIF / TFSA / RESP / RDSP / DPSP
Fund Assets (3/31/2017) $31,919,634

Portfolio Composition

Mortgage Loan Portfolio $29,498,686
Cash (and Equivalents) $2,145,694
Other Assets $275,254
Total Fund Assets $31,919,634
No. of Mortgage Investments 23
Average Mortgage Size $1,282,552
Average Loan-to-Value 71.1%

Geographic Region

Texas
87.6%
Alberta
5.8%
British Columbia
2.7%
United States
3.9%

Asset Class

Residential
91.5%
Industrial
5.8%
Retail
2.7%

Security Rank

First Mortgages
82.8%
Second Mortgages
13.8%
Third Mortgages
3.4%

Weighted Average Term to Maturity

Month-to-Month
0%
1 Day to 90 Days
19.0%
91 Days - 120 Days
0%
121 Days - 240 Days
0%
241 Days - 365 Days
5.3%
Over 365 Days
75.7%

Historical Performance

  1 Year 3 Year 5 Year Since Inception
TG Income Trust III -  Series A 7.1% N/A N/A  
TG Income Trust III -  Series C 7.2% N/A N/A  

* 2016 returns are annualized as the initial closing date for each series occurred part way through 2016.

 

Distribution History

Year Series Q1 Q2 Q3 Q4 Total Quarterly Distribution Annual Distribution
2017 A-1 $0.175  $0.177 $0.179   $0.175 $0.175
  A-2 $0.175  $0.177 $0.179   $0.175 $0.175
2016 C-1       $0.178 $0.178 $0.178
  C-2       $0.105 $0.105 $0.105
  C-3       $0.036 $0.036 $0.036

 

 

 

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

  • December Quarterly Report

    December 2017 - TGIT III Quarterly Report
    View/Download »