TG INCOME TRUST III | SERIES A, B, C

Net Asset Value

$10.00

Distributions
Year to Date1

5.3%

Annualized2
Since Inception

7.1%

1Based on distributions on A-1 Series units paid to September 30, 2019. Assumes distributions are reinvested.

2Historical fund returns are reported as the calendar year ended December 31, 2018.

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 ManagerTrez Capital Fund Management Limited Partnership
Asset ClassIncome trust fund
Inception DateJuly 14, 2016
Minimum Investment$2,000 (200 units)
EligibilityRRSP / RRIF / TFSA / RESP / RDSP / DPSP
Fund Assets (09/30/2019)$82,924,362

Portfolio Composition

Total Fund Assets$82,924,362
Investments in Mortgages$59,730,268
Cash (and Equivalents)$22,395,478
Other Assets$798,616
No. of Mortgage Investments37
Average Mortgage Size$1,472,071
Weighted Average Loan-to-Value (LTV)67.8%
Total Units Outstanding (Series A, C, D)7,279,948
Net Asset Value per Unit$10.00

GEOGRAPHIC REGION

 

ASSET CLASS

 

SECURITY RANK

 

HISTORICAL PERFORMANCE

 
Fund ManagerTrez Capital Fund Management Limited Partnership
Asset ClassIncome trust fund
Inception DateJuly 14, 2016
Minimum Investment$2,000 (200 units)
EligibilityRRSP / RRIF / TFSA / RESP / RDSP / DPSP
Fund Assets (09/30/2019)$82,924,362

* Due to the inception of the fund in January 2006, the return for 2006 is an annualized return.

Total Fund Assets$82,924,362
Investments in Mortgages$59,730,268
Cash (and Equivalents)$22,395,478
Other Assets$798,616
No. of Mortgage Investments37
Average Mortgage Size$1,472,071
Weighted Average Loan-to-Value (LTV)67.8%
Total Units Outstanding (Series A, C, D)7,279,948
Net Asset Value per Unit$10.00

 

 

 

 

TG Income Trust III distributes 100% of its net income annually. Unitholders receive monthly distributions at a rate of 0.375% on Series F units and 0.292% on Series A units. An investor may be eligible for an additional annual top-up distribution, which is paid in mid-March following the conclusion of the annual audit of the Trust.

Distribution History

In 2019, Trez Capital moved from quarterly to monthly distributions.

 

SeriesMaturityQ3 2019Q2 2019Q1 2019Q4 2018
Series A-15/29/2020$0.18$0.18$0.18$0.18
Series A-26/19/2020$0.18$0.18$0.18$0.18
Series C-19/21/2020$0.18$0.18$0.18$0.18
Series C-211/6/2020$0.18$0.18$0.18$0.18
Series C-312/13/2020$0.18$0.18$0.18$0.18
Series C-45/1/2021$0.18$0.18$0.18$0.18
Series C-55/30/2021$0.18$0.18$0.18$0.18
Series C-67/20/2021$0.18$0.18$0.18$0.18
Series C-79/20/2021$0.18$0.18$0.18$0.18
Series C-810/31/2021$0.18$0.18$0.18$0.18
Series C-912/8/2021$0.18$0.18$0.18$0.18
Series D-13/19/2022$0.19$0.19$0.19$0.19
Series D-25/27/2022$0.19$0.19$0.19$0.19
Series D-39/21/2022$0.19$0.19$0.19$0.02
Series D-411/8/2022$0.19$0.19$0.11
Series D-512/13/2022$0.19$0.19$0.04
Series E-16/13/2023$0.04

1 Based on a weighted average return to Unitholders, this amount is an estimate of the average top up distribution paid. Those invested for less than a full one year period will receive a prorated allocation, and those invested in the dividend reinvestment plan will receive a slightly higher top up due to the effects of compounding.

2 A Series units were introduced on April 1, 2013.

3 This return is based on all distributions throughout the year being re-invested into the fund. This is a compounded return from the distribution re-investment program.

4 This return is based on all distributions year-to-date being re-invested into the fund, without any year-end top-up distribution. This is a compounded return from the distribution re-investment program.

Distribution Schedule

 Record DateExpected Pay Date 1
Q1March 31April 15
Q2June 30July 15
Q3September 30October 15
Q4December 31January 15

1 This is an estimated date and subject to change.

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

Minimum Investment

ProvinceMinimum purchase per investor (units)1Minimum 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).

 

Quarterly Reports

Financial Statements

  • Q4 2018 Financial Statements

    TG Income Trust III – Q4 2018 Financial Statements

    December 2018 - Trez Capital TGIT III - Q4 Financial Statements
    View/Download »

  • Q4 2018 MD&A

    TG Income Trust III – Q4 2018 MD&A

    December 2018 - Trez Capital TGIT III MD&A
    View/Download »

  • Prospectus

    TG Income Trust III – Prospectus

    Sep 2019 - TGIT III Prospectus
    View/Download »