PHL Financial Group Ltd. is registered as an Exempt Market Dealer (“EMD”) in British Columbia for the purpose of offering Investment in syndicated mortgages originated by PHL Capital Corp. 

A Mortgage Investment Corporation, or MIC, is an investment and lending company that allows investors to pool funds in a diversified and secured portfolio of residential and commercial mortgage loans. Shares of an MIC are qualified investments under the Canadian Income Tax Act (Section 130.1) for RRSPs, RRIFs, TFSAs, or RESPs. The Income Tax Act requires that 100% of a MIC’s annual net income be distributed to its shareholders.