1Last calculated NAV.
2Based on F Series units as of May 31, 2026. 2026 return is before the payment of the year-end top up, if any, distributed in March 2027. Assumes distributions are reinvested.
3Based on audited annualized returns as at December 31, 2025.
| Fund Type | Open-Ended pooled mortgage fund |
| FundServ Code | |
| F Series | TRZ710 |
| A Series | TRZ700 |
| Inception | February 5, 2025 |
| Registered Account Eligibility | Not Eligible |
| Unit Value | $10 |
| Purchase | T+1 |
| Redemption | Quarterly requests with three months’ written notice, subject to a one-year lock-up period |
| Management Fee | 1.50% |
| Incentive Fee | 10% of Net Operating Income |
| Distribution Frequency | Monthly |
| Manager | Trez Capital Fund Management Limited Partnership |
| Corporate Group AUM2 | $5.0 Billion CAD |
| Manager AUM | $2.5 Billion CAD |
| Fund AUM | $12,511,450 CAD |
| Number of Investments | 66 |
| Weighted Average LTV4 | 62.5% |
| Weighted Average Term-to-Maturity (Months)5 | 9.1 |
1Corporate Group AUM and Manager AUM are estimated as at March 31, 2026.
2Corporate Group AUM includes assets held by all Trez related entities as well as Manager AUM.
3Unaudited and non-consolidated, as at March 31, 2026.
4At the later of origination or modification.
5Based on performing loans.
6Security rank as at March 31, 2026.
| Performance1 | 1 – Year2 | Since Inception |
|---|---|---|
| Trez Capital Yield U.S. (CAD) Limited Partnership Series F | 7.6% | 7.6% |
| Trez Capital Yield U.S. (CAD) Limited Partnership Series A | 6.5% | 6.5% |
Trez Capital Yield U.S. (CAD) Limited Partnership distributes 100% of its net income annually. Unitholders receive monthly distributions at a rate of 0.583% on Series F units and 0.500% 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.
2026 Trez Capital Monthly Distributions
Year Series Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Top-
up2YTD
DistributionYTD Distribution Rate3
2026 A $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 – – – – – – – – $0.2500 2.525%
F $0.0583 $0.0583 $0.0583 $0.0583 $0.0583 – – – – – – – – $0.2917 2.951%
Historical Distributions
Year Series4 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Top-
up2Annual
DistributionAnnualized Distribution Rate3
2025 A n/a n/a $0.0544 $0.0544 $0.0544 $0.0544 $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 $0.0500 – $0.5177 5.299%
F n/a n/a $0.0628 $0.0628 $0.0628 $0.0628 $0.0583 $0.0583 $0.0583 $0.0583 $0.0583 $0.0583 – $0.6010 6.175%
| Management Fee | 1.50%1 |
| Incentive Fee | 10.0% of Net Income |
| Province | Minimum investment when relying on accredited investor exemption2 | Minimum investment amount 3 |
|---|---|---|
| Alberta | $100,000 | $150,000 |
| British Columbia | $100,000 | $150,000 |
| Manitoba | $100,000 | $150,000 |
| New Brunswick | $100,000 | $150,000 |
| Newfoundland & Labrador | $100,000 | $150,000 |
| Nova Scotia | $100,000 | $150,000 |
| Ontario | $100,000 | $150,000 |
| Prince Edward Island | $100,000 | $150,000 |
| Quebec | $100,000 | $150,000 |
| Saskatchewan | $100,000 | $150,000 |
1 F and A series units.
2 Accredited Investor Exemption: There is no regulatory minimum subscription amount for investors qualifying under the Accredited Investor Exemption. However, the minimum initial purchase amount established by the Manager is $100,000.
3 Minimum Amount Exemption (not available to individuals): The minimum initial subscription amount for investors qualifying under the Minimum Amount Exemption is $150,000 in each province listed above.
Units of the Trust may be purchased through your registered Investment Advisor. To purchase units in a non-registered account directly through Trez Capital, please contact Investor Services at:
T: 604.689.0821
TF: 1.877.689.0821
E: invest@trezcapital.com
Monday to Friday, 8:30am to 5:00pm PST
EN View/Download
