World News: 13:00 GMT Monday 14th January 2019. [The 6ix Capital Group via Globe Newswire via SPi World News]
TORONTO, Jan. 14, 2019 (GLOBE NEWSWIRE) -- The 6ix Capital Group is pleased to declare a dividend for the quarter ended Dec 31, 2018 of $0.175 per $10 share, to be issued on January 31, 2019 to shareholders of The 6ix Lending MIC.
Shareholders are reminded that The 6ix Lending MIC offers a Dividend Reinvestment Plan (DRIP) that allows them to automatically reinvest their dividends in new shares at a 2% discount with no sales commission or financing fee. This provides shareholders with the ability to realize the benefits of compound growth of their investment in the 6ix Lending MIC.
The 6ix Capital Group Corporation manages 6ix Lending MIC, a private Canadian non-bank lender that invests in a diversified portfolio of quality real estate loans on houses in the Greater Toronto Area. 6ix Lending fills the mortgage funding gap for borrowers that do not meet the rigid internal and growing list of government mandated qualifications required by the limited number of banks and financial institutions operating in Canada. 6ix Lending is not constrained by these factors and is able to analyze a mortgage based on its pure economic merits to deliver customized solutions that address the borrowers’ needs. 6ix Lending is managed by experts in the real estate and real estate lending industry that have decades of combined and complementary experience. Our investment objective is to preserve the investor’s capital and grow a diversified portfolio of real estate secured loans based on conservative underwriting in order to pay consistent dividends with an annual target yield of +9%.
Globe Newswire: 13:00 GMT Monday 14th January 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.