What Is EvCorp Capital?
EvCorp Capital (formerly Everest Real Estate Fund Inc.) is a Mortgage Investment Corporation (MIC) as regulated by section 130.1 of the Income Tax Act of Canada.
A MIC allows individual investors to pool their monies together to invest primarily in real estate.
Net profits of a MIC are distributed to investors annually.
The management of EvCorp Capital has undertaken to provide to its investors a targeted return of 8%.
EvCorp Capital’s investor funds are secured by mortgages backed by Canadian Real Estate.