1Based on F Series units as of September 30, 2024. 2024 return is before the payment of the year-end top up, if any, distributed in March 2025. Assumes distributions are reinvested.
2Historical fund returns are reported as at December 31, 2023.
| Fund Type | Open-Ended pooled mortgage fund |
| FundServ Code | TRZ420 |
| Inception | January 1, 2006 |
| Eligibility | RRSP, RRIF, DPSP, RDSP, RESP, TFSA, IPP |
| Unit Value | $10 |
| Purchase | T+11 |
| Redemption | T+20, subject to 1% retraction penalty if redeemed within 1st year |
| Incentive Fee | 10% of Net Operating Income |
| Management Fee | 1.15% |
| Distribution Frequency | Monthly |
| Manager | Trez Capital Fund Management Limited Partnership |
| Corporate Group AUM2 | $5.5 Billion CAD |
| Manager AUM | $3.0 Billion CAD |
| Fund AUM | $286,765,011 CAD |
| Number of Investments | 44 |
| Weighted Average LTV | 47.1% |
| Weighted Average Term-to-Maturity (Months)4 | 8.0 |
1 Corporate Group AUM and Manager AUM are estimated as at June 30, 2024
2 Corporate Group AUM includes assets held by all Trez related entities as well as Manager AUM
3 Unaudited and non-consolidated, as at June 30, 2024
4 Based on performing loans
| Historical Fund Returns1 | 1 – Year | 3 – Year | 5 – Year | 10 – Year | Since Inception3 |
|---|---|---|---|---|---|
| Trez Capital Prime Trust Series I2 | 7.6% | 5.9% | 5.7% | 5.6% | 6.9% |
Trez Capital Prime Trust distributes 100% of its net income annually. Unitholders receive monthly distributions at a rate of 0.531% on Series I units. An investor may be eligible for an annual top-up distribution, which is paid in mid-March following the conclusion of the annual audit of the Trust.
2024 Trez Capital Monthly Distributions
| Year | Series | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Top- up3 | YTD Distribution | YTD DRIP Return4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | I2 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0531 | $0.0531 | – | – | – | – | $0.4912 | 5.021% |
Historical Distributions
| Year | Series | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Top- up3 | Annual Distribution | Annualized DRIP Return7 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | I2 | $0.0540 | $0.0540 | $0.0540 | $0.0540 | $0.0540 | $0.0540 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0784 | $0.7324 | 7.576% |
| 2022 | I2 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0405 | $0.0455 | $0.0455 | $0.0455 | $0.0490 | $0.0490 | $0.0490 | $0.0220 | $0.5360 | 5.495% |
| 2021 | I2 | $0.0405 | $0.0405 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0380 | $0.0000 | $0.4610 | 4.709% |
| 20205 | I2 | $0.0375 | $0.0375 | $0.0375 | $0.0415 | $0.0415 | $0.0415 | $0.0415 | $0.0415 | $0.0415 | $0.0415 | $0.0415 | $0.0415 | $0.0000 | $0.4860 | 4.970% |
| 20196 | I2 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0375 | $0.0928 | $0.5428 | 5.541% |
| Year | Series | Q1 | Q2 | Q3 | Q4 | Quarterly Distribution | Top- up3 | Annual Distribution | Annualized DRIP Return7 |
|---|---|---|---|---|---|---|---|---|---|
| 2018 | I2 | $0.100 | $0.100 | $0.100 | $0.100 | $0.400 | $0.135 | $0.535 | 5.4% |
| 2017 | I2 | $0.100 | $0.100 | $0.100 | $0.100 | $0.400 | $0.135 | $0.535 | 5.4% |
| 2016 | I2 | $0.100 | $0.100 | $0.100 | $0.100 | $0.400 | $0.148 | $0.548 | 5.6% |
| 2015 | I2 | $0.100 | $0.100 | $0.100 | $0.100 | $0.400 | $0.165 | $0.565 | 5.7% |
| 2014 | I2 | $0.150 | $0.150 | $0.100 | $0.100 | $0.500 | $0.072 | $0.572 | 5.8% |
| 2013 | I2 | $0.150 | $0.150 | $0.150 | $0.080 | $0.530 | $0.071 | $0.601 | 6.1% |
| 2012 | I2 | $0.150 | $0.150 | $0.150 | $0.150 | $0.600 | $0.076 | $0.676 | 6.9% |
| Record Date | Expected Pay Date | |
|---|---|---|
| January | January 31 | February 7 |
| February | February 28 | March 8 |
| March | March 31 | April 9 |
| April | April 30 | May 9 |
| May | May 31 | June 7 |
| June | June 30 | July 9 |
| July | July 31 | August 9 |
| August | August 31 | September 9 |
| September | September 30 | October 8 |
| October | October 31 | November 8 |
| November | November 30 | December 9 |
| December | December 31 | January 8 |
| Annual Top-Up | December 31 | March 17 |
| Management Fee | Percentage negotiated by the Manager and the Unitholder of the Average Annual Gross Assets of the I Series units. |
| Incentive Fee | 10% of the Net Income for each unit series after deduction of the Management fee. |
To discuss minimum investment amounts and eligibility, please contact Trez Capital Fund Management L.P.
Institutional Investors form a core part of our investor base. As investors seek ways to diversify away from equities and traditional fixed income to both enhance income while mitigating risks, alternative investments such as private mortgage pools provide for an attractive solution.
To learn more about our private mortgage pools for institutional clients please contact:
P: 1.877.689.0821
E: institutional@trezcapital.com
