- As of September 1, 2024, Premiere Canadian Mortgage Corp. (PCMC) and Classic Mortgage Corporation (Classic), both mortgage investment corporations (MIC), amalgamated with PCMC continuing as the successor entity.
- From inception (1996) to the date of amalgamation, PCMC reported positive net annual returns to shareholders averaging 8.71% over the past 20 years (2005 – 2024). Similarly, Classic established in 2003, was also consistently profitable, generating an annual net return of 8.34% over the same 20 year period prior to amalgamation.
- As of August 31, 2024, the final annual net returns to shareholders (pre-amalgamation) for PCMC was 8.50% (12 months) and 8.80% for Classic (8 months).
Additional Investment and Portfolio Information
Historical Rate of Return – 2005 – 2024 (Pre-Amalgamation)
Portfolio Analysis Report – September 2024 (Post Amalgamation)
Notice To Reader: There is no guarantee that the company’s future performance will match, or be similar to past performance, as circumstances and market conditions are constantly changing.