Advanced Mortgage Investment Corporation (which also goes by “Advanced MIC” or “AMIC”) is a member of the Advanced Group of Companies. Advanced MIC is a mortgage investment corporation (doing business 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 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.

AMIC uses its pooled share capital to fund primarily residential mortgages in Ottawa and surrounding areas of Eastern Ontario.

While AMIC itself is not registered with or licenced by any provincially regulated entity, AMIC’s related and connected companies are registered or licenced as follows:

  • AMIC is managed by Advanced Alternative Lending (7016514 Canada Inc.), a licenced mortgage administrator (Financial Services Regulatory Authority of Ontario license #12171).
  • AMIC shares are sold by Advanced Capital Corporation (an exempt market dealer registered with the Canadian Securities Administrators and the Ontario Securities Commission).
  • And while we accept applications only from licensed mortgage brokers and agents, six of the members of our management team and board of directors are also licenced to deal in mortgages in the province of Ontario. These licences are issued by the Financial Services Regulatory Authority of Ontario.
Click here to learn more about how the Advanced Group companies are related and connected by virtue of common ownership and control.

Related And Connected Entities

The following corporations are related and connected entities by virtue of common ownership and control:

  • Advanced Mortgage Investment Corp. (AMIC) – exempt market issuer
  • Advanced Capital Corp. (ACC) – exempt market dealer and agent for AMIC
  • Advanced Alternative Lending (AAL) – licenced mortgage administrator and manager for AMIC
  • Mortgage Brokers City Inc. (MBCI) – licenced mortgage brokerage

Please refer to the full relationship disclosure document provided by your ACC dealing representative for more information. The Offering Memorandum also includes information about the relationship between the corporations. Financial transactions betwen the related parties are fully disclosed in the Corporation’s audited financial statements and are governed by the agency and management agreements as approved by the AMIC board of directors.

MEET THE ADVANCED MIC TEAM

The Manager is Advanced Alternative Lending or “AAL.” The Manager performs all mortgage- and accounting-related duties for Advanced MIC.

The Agent (exempt market dealer) is Advanced Capital Corp. or “ACC.” The Agent performs all investment sales related duties for Advanced MIC.

Advanced MIC’s management team members have been in the business of originating, underwriting, and servicing mortgages in the secondary mortgage market segments in Ontario for more than 20 years. These qualifications and experience put the management team in an advantageous position to provide Advanced MIC and its shareholders with related management, administrative, mortgage lending and financing services.

The management team members have extensive experience in property management, mortgage lending and investment banking and also have established relationships with experienced owners, builders, developers and others active in the real estate industry.

Michael Hapke

Michael Hapke
President and CEO

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Frank Napolitano
Vice President

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Terri-Lyn Mason
VP, Finance

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The AMIC board of directors (among other corporate governance duties) oversees and reviews the annual renewal of the management agreement between AMIC and AAL and of the agency agreement between AMIC and ACC.

Ken Alger
Chair

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Sheri Creese
Board member

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Michael Hapke

Michael Hapke
Board Member

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Bill Harrington
BOARD MEMBER

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Joanne Livingston
BOARD MEMBER

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Kimberley McKenney
Board Member

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The Advanced MIC board is made up of four (4) independent directors but also includes two (2) directors who are not acting at arms' length and who are not independent of the control group of the corporation.

Independent Directors

Board chair Ken Alger, Joanne Livingtson, Bill Harrington and Kimberley McKenney are independent directors of AMIC in that they are not officers or control persons of AAL, ACC or MBCI. Their sole role is as director of AMIC.

Non-Independent Directors

AMIC president and CEO Michael Hapke and Sheri Creese are control persons in addition to their role as director of AMIC:

  • Michael Hapke is an officer and control person of AMIC, ACC, AAL and MBCI.
  • Sheri Creese is a control person of AMIC by virtue of being a common shareholder. AMIC common shareholders elect the board of directors.
  • Sheri Creese is also a control person of AMIC, ACC, AAL and MBCI by virtue of being a signing officer.
Michael Hapke

Michael Hapke
President and CEO

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Jennifer Anderson

Jennifer Anderson
Investor Relations

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Isabelle Anderson

Isabelle Anderson
Compliance Officer

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Marvina Cajina, CPA, CA
Director, Corporate accounting

Read Marvin's Bio

Daniel Bissex
Underwriter

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Sean Reid
Director of Operations

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Lynn Fournelle-Clare
Analyst

All members of the Advanced Capital Corp. team are registrants who are able to discuss exempt market products with investor clients.

Michael Hapke

Michael Hapke
President and CEO

Dealing Representative

Ultimate Designated Person

Read Mike's Bio
Jennifer Anderson

Jennifer Anderson
Investor Relations

Dealing Representative

Investor Relations

Read Jenn's Bio
Isabelle Anderson

Isabelle Anderson
Chief Compliance Officer

Dealing Representative

Chief Compliance Officer

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SEAN REID
Dealing Representative

Dealing Representative

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Anisa Sherwood Lancione

ANISA SHERWOOD LANCIONE
Dealing Representative

Dealing Representative

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Sam Himyary

Sam Himyary
Dealing Representative

Dealing Representative

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For corporate matters: legal counsel for Advanced Mortgage Investment Corporation is Gowling Lafleur Henderson LLP.

The Advanced Group’s auditors are Welch LLP. Contact Scott Murdoch at (613) 236-9191 for more information.