Advanced Mortgage Investment Corporation, or AMIC, is a member of the Advanced Group of Companies and is a mortgage investment corporation (incorporated in the province of Ontario) offering preferred shares for purchase by accredited investors or to non-accredited investors as allowed under certain prospectus exemptions.
AMIC uses its pooled share capital to fund primarily residential mortgages in the greater Ottawa region.
While AMIC itself is not a federally or provincially regulated entity, AMIC's related companies are regulated as follows:
- AMIC is managed by Advanced Alternative Lending (7016514 Canada Inc.), a licensed mortgage administrator (Financial Services Commission of Ontario license #12171).
- AMIC shares are sold by Advanced Capital Corporation (an exempt market dealer licensed with the Ontario Securities Commission).
- And while we accept applications only from licensed mortgage brokers and agents, seven of the members of our management team are also licensed to deal in mortgages in the province of Ontario. These licenses are issued by the Financial Services Commission of Ontario.
AMIC was incorporated on September 3, 2013, pursuant to the Canada Business Corporations Act (the “CBCA”). The head and registered office of the Corporation is located at 788 Island Park Drive, Ottawa, Ontario, K1Y 0C2. AMIC is registered extra-provincially in the Province of Ontario.