Advanced Capital Corp.
788 Island Park Drive K1Y0C2 Ottawa, ON, Canada

When it comes to excellence in governance, we here at Advanced already know that Ottawa's Ken Alger is at the top of the list. Ken has guided the board of directors at Advanced Mortgage Investment Corporation for several years. Our management team and our shareholders have benefited from his experience and expertise. The Queensway Carleton Hospital and Foundation will undoubtedly continue to thrive with you on board.

We're now online with Exempt Edge, an online portal for exempt market products and dealers. Our clients (including those who are invested in Advanced Mortgage Investment Corporation) are now able to retrieve their up-to-date account information via Exempt Edge's secure portal. Contact your dealing representative Michael Hapke, Jenn Anderson, Isabelle Durand, Sam Himyary, Dealing Representative or Anisa Lancione, Dealing Representative for more information about the portal.

Here at Advanced, we are proud to report that our MIC continues to perform. Advanced Mortgage Investment Corporation has ended another quarter with consistent income and with 100% of interest income collected. Advanced MIC (which is related and connected to Advanced Capital Corporation by virtue of common ownership and control) reports that as at May 31, 2020, 100% of the regular interest payments have been made by borrowers. Read more about it via the link below. Some highli...ghts: While the Ottawa unemployment rate has risen from 6.3% to 7.7% it remains one of the lowest in the country. 29.3% of AMIC's borrowers are employed in the public sector. The fundamentals of the Ottawa real estate market continue to hold with the year-to-date average value of a residential home resold via the MLS hovering around $546k. Routine activities like new fundings, discharges and renewals continue to occur. AMIC has not experienced a significant business disruption due to COVID-19. So far, we do not see a limitation of our borrowers' ability to achieve their exit strategies. AMIC is still accepting new issuance during Fiscal 2020 with closings scheduled for July 1 and August 1. If you have contribution room or cash in your RRSP, TFSA, RIF or LIRA, consider AMIC shares. Dealing representatives Michael Hapke, Jenn Anderson, Isabelle Durand, Sam Himyary, Dealing Representative and Anisa Lancione, Dealing Representative are available to assist you.

Advanced Group CEO Michael Hapke has recorded and released his latest podcast about Advanced Mortgage Investment Corporation. The podcast is about 12 minutes long but it packs in a lot of information about our Ottawa lending area. From the most recent employment and real estate market statistics to the MIC's actual performance through to the end of Q3, it's an interesting listen. Please reach out to your dealing representative for more information about Advanced MIC. Jenn Anderson, Isabelle Durand, Sam Himyary, Dealing Representative and Anisa Lancione, Dealing Representative are all available to answer your questions.

Click the link below to listen to the latest #podcast from our CEO Michael Hapke as he discusses how Advanced Mortgage Investment Corporation has continued to perform during the pandemic. In the podcast, Mike discusses the #Ottawa real estate market, current portfolio performance and qualitative #data, and what he thinks is coming in the weeks and months ahead. We've posted it to our web site but it's also available on Spotify and Google Podcasts. ... Please let us know if you have any questions! We're happy to hear from you if you think there's more or better information that we can present.

How can a mortgage investment corporation make its way through this pandemic? Listen to this update from Advanced Mortgage Investment Corporation president and CEO Michael Hapke. Mike provides an update on how the MIC is approaching its lending operations during the COVID-19 pandemic. This recording was originally prepared for and shared with existing investors but we thought it would be good to share it more widely. Contact your ACC dealing representative (Jenn Anderson, Isabelle Durand, Sam Himyary, Dealing Representative or Anisa Lancione, Dealing Representative) if you have any questions or would like more information.

The Advanced Capital Corp. team has taken a close look at the Advanced MIC portfolio in order to assess how it holds up during the business conditions triggered by Covid-19. The starting point of the report (Feb 29, 2020, the end of the MIC's second quarter) is solid: at that date, the MIC was well-secured and had no default. Now that Advanced MIC has completed the March and April payment cycles, we can confirm that the portfolio continues to perform. ... At the same time, while the local resale market's transaction volume is down, current data from the Ottawa Real Estate Board shows that resale values held in March. Read the whole report here: https://advancedmortgageinvestmentcorp.ca/amic-performance/ #ottcity #mortgageinvestment #realestate