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CMIT

Celernus Mortgage and Income Trust Fund (CMIT) aims to provide investors consistent monthly income while simultaneously protecting capital, primarily through investments in mortgages with a loan to value measure that provides a desirable degree of security of capital. In addition to first and second mortgages, CMIT may also invest in other asset backed debt, government and corporate bonds and debentures, convertible debt, common equities, warrants, preferred shares, trust units, REITs, derivative instruments and other securities.

CMIT is designed to provide a steady stream of interest income with a high degree of safety. By investing in short term mortgages with terms predominantly between six and twelve months and maintaining a loan to value ratio for the portfolio of less than eighty percent, CMIT offers a high degree of safety. Due to the short term nature of the mortgages, the principle invested is not subject to the swings in value due to changes in interest rates that medium and longer term fixed income investments are subject to. Each individual mortgage that the fund invests in is carefully underwritten and selected to meet the fund’s standards for safety and return. The majority of the mortgages are secured by residential single family dwellings. The remainder of the mortgage portfolio is composed of multi-family residential, commercial, land and construction financing. The fund does not intend to utilize leverage for the purpose of increasing returns; however, some leverage may be employed temporarily from time to time for the purpose of facilitating redemptions.

Please note that CMIT is available exclusively to accredited investors. More information about the Fund can be found in the Fund’s Trust Indenture and term sheet.

To access our documents, click the appropriate link below to view or to save the pdf files.

CMIT Term Sheet
> Term Sheet

CMIT Subscription Agreement
> Subscription Agreement


CMIT Fact Sheet
> Fact Sheet – June 2019
> Fact Sheet – March 2019
> Fact Sheet – December 2018
> Fact Sheet – September 2018
> Fact Sheet – June 2018
> Fact Sheet – March 2018
> Fact Sheet – December 2017
> Fact Sheet – September 2017
> Fact Sheet – June 2017
> Fact Sheet – May 2017
> Fact Sheet – April 2017
> Fact Sheet – March 2017
> Fact Sheet – February 2017
> Fact Sheet – January 2017
> Fact Sheet – December 2016
> Fact Sheet – November 2016
> Fact Sheet – October 2016
> Fact Sheet – September 2016
> Fact Sheet – August 2016
> Fact Sheet – July 2016
> Fact Sheet – June 2016
> Fact Sheet – May 2016
> Fact Sheet – April 2016
> Fact Sheet – March 2016
> Fact Sheet – February 2016
> Fact Sheet – January 2016
> Fact Sheet – December 2015
> Fact Sheet – November 2015
> Fact Sheet – October 2015
> Fact Sheet – September 2015
> Fact Sheet – August 2015
> Fact Sheet – July 2015
> Fact Sheet – June 2015
> Fact Sheet – May 2015
> Fact Sheet – April 2015
> Fact Sheet – March 2015
> Fact Sheet – February 2015
> Fact Sheet – January 2015

 
CMIT Financial Statements
> Semi-Annual Financial Statements 2018
> Financial Statements 2017
> Financial Statements 2016
> Financial Statements 2015
> Financial Statements 2014
> Financial Statements 2013