A Canadian investment vehicle that pools capital from multiple investors to fund mortgage loans, governed by the Income Tax Act. MIC shares are securities — distribution is regulated under provincial securities law and typically requires a registered dealer and compliance with NI 45-106 exemptions (accredited-investor verification, OM-exemption, or other). Returns are not guaranteed and investors can lose capital if underlying mortgages default. LendCity is not a registered dealer or adviser and does not offer or solicit MIC investments — consult a registered exempt-market dealer and a securities lawyer.
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