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SHARBOT LAKE, ON, April 27, 2018 /24-7PressRelease/ --
NEW LISTING ANNOUNCEMENT
Frontenac Mortgage Investment Corporation (the "Fund") is a non-redeemable investment fund. The Common Shares are redeemable only once per year, on November 30th, or otherwise under certain limited circumstances (see "Redemption of Securities"). The Fund operates as a mortgage investment corporation and its objective is to generate income while preserving capital for re-investment. The Fund expects to derive its earnings principally from the receipt of interest payments on mortgages and subsidiarily from interest distributions on the cash reserves of the Fund. The Fund will achieve its investment objective by lending on the security of mortgages on real property located in Canada but primarily in the province of Ontario. The mortgage loans transacted by the Fund will generally not meet the underwriting criteria of conventional lenders and/or will involve borrowers in rural areas generally not well serviced by major lenders. As a result of the Fund's investment in loans secured by non-prime mortgages, the Fund expects to earn a higher rate of interest than what can generally be obtained through more conventional mortgage lending activities.
The OCMX™ is pleased to announce the listing of Frontenac MIC to its online portal which offers Investors and Advisors the ability to participate in this opportunity.
The OCMX™ has spent considerable time completing its due diligence on Frontenac MIC and concluded that there is indeed a tremendous opportunity for Investors and Advisors.
The OCMX™ noted that Frontenac MIC exhibits the main components of any solid investment opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
Matthew Robinson – CIM | Matthew J. Robinson is the President, a director, and the controlling shareholder of the Manager. For the past three years, he has been actively involved in all aspects of the management and supervision of the business of the Fund including portfolio analysis and strategic asset allocation. Matthew J. Robinson is the eldest son of the Manager's founder and former President, Wayne A. Robinson. Matthew holds a CIM (Certified Investment Manager) designation and is registered as an Advising Representative under the Manager's Portfolio Manager registration. Matthew received his Bachelor of Science degree from Queen's University on June 1, 2000 with the majority of his electives taken in Commerce. Prior to assuming full-time duties with the Manager, over the previous fifteen years, Matthew gained extensive experience and expertise in real estate analysis and finance as principal and broker of Lake District Realty Corporation, a real estate firm. Matthew Robinson is also a mortgage broker and director of the Administrator.
Kevin Cruickshank, CPA, CA – Executive Vice President & Chief Financial Officer | Kevin graduated from Wilfrid Laurier University with a Bachelor of Business Administration (Honors) with Distinction in 1990 and was admitted to the membership of the Institute of Chartered Accountants of Ontario in 1993.
After having worked for five years as a Chartered Accountant with Wilkinson & Company LLP in Belleville, Ontario, Kevin spent the next five years as the Vice-President of Finance for the Cooney Transport Group of Companies where he oversaw the financial affairs of a group of 19 companies involved in international trucking operations with a real estate network of seven terminals located in Ontario and Quebec.
In 2000, Kevin was appointed Chief Financial Officer of the Hanley Group of Companies, also in Belleville, Ontario, where he oversaw the financial affairs of several companies involved in quick food service operations and managed an investment company.
Having always wanted to own his own business, he became a partner in The Loon's Call Campground & Cottage Resort, a seasonal resort operation located in Cloyne, Ontario.
After leaving the Hanley Group of Companies in 2004, Kevin continued his accounting practice, assisting clients with business planning and financial matters in addition to providing traditional accounting and taxation services until June 2012 when he joined W.A. Robinson Asset Management as its full-time CFO. He also holds the CCO (Chief Compliance Officer) title.
Debra Smith, CIM ® – Manager, Investor Services (AAR) | Debra manages the Investment Services Department and is the main touch point for our Advisor partners. Debra is also responsible for our discretionary portfolio and group portfolio clients who have been with us from the early days of operations.
Debra, a Chartered Investment Manager (CIM ®), has been with the company since 2002 and has experience in corporate accounting, personal finance, and income tax preparation within W.A. Robinson Asset Management Ltd. as well as investment and management experience.
In addition to obtaining her CIM designation, Debra has completed several finance, tax and accounting courses through St. Lawrence College and the Certified General Accountants (CGA) program.
Actively involved in her community, Debra was a Scout Leader for 15 years, coached baseball for 10 years and was the Treasurer and Entertainment Chair for the Parham Agricultural Society.
ABOUT THE OCMX™
The OCMX™ is literally changing how companies and investment funds generate exposure in the marketplace and raise funds as we know it. The OCMX™ serves both public and private companies along with investment and mutual funds which need to raise additional funds or gain significant market exposure. It does this by way of connecting the relevant companies, funds, investors, and advisors all in one online transparent portal. The OCMX™ (P2P Financial Inc.) launched in September of 2009 out of Toronto but has since expanded its operations to include Quebec, Alberta, Manitoba, and British Columbia.
The OCMX™ connects investors and advisors directly with companies and investment funds seeking to raise funds or gain broad market exposure. The OCMX™ provides an open venue for innovative growth companies and leading investment funds to generate market awareness, raise funds, or connect with investors and advisors. The OCMX™ provides companies, funds, investors, and advisors instant access to its Online Portal so that they can actively source and connect with their next opportunity, advisor, investor, client, or financing partner.
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