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TORONTO, April 03, 2024 — First Source Mortgage Fund announces that it has paid a Top-Up year-end distribution of 120 bps per eligible Class F unit. The top-up distribution recognizes that the annual income generated in 2023 exceeded the regular monthly distributions paid to unitholders. The Top-Up distribution is not indicative of future performance by the Fund.
David Mandel, CEO of First Source Mortgage Corporation, emphasizes the company’s successful strategy: “Our principle of understanding the exit strategy before entering any funding opportunity has been fundamental. This approach underpins our underwriting process. We are consistently encountering high-quality lending opportunities in the private sector.
These statements are not guarantees of future performance and are based on our estimates and assumptions that are subject to risks and uncertainties, including those described in our Offering Memorandum under “Risk Factors”
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