Fisgard Capital Investment Booklet
A 13 page introduction to investing with Fisgard Capital Corporation, Canada's leading Mortgage Investment Corporation.
Content
Fisgard. a growing Family oF satisFied investors.
Fisgard has a flawless track record of superior returns on secure investments, and a reputation for honest, friendly and courteous service.
A better way to invest: Putting security first.
Welcome to a better way to invest – one that lets you sleep easy, knowing your money is safe and growing. At Fisgard we put the security of your capital first, investing it only in quality mortgages on Canadian real estate property. History has shown that real estate appreciates in value over time, even though prices fluctuate from time to time. It is this enduring value that provides our investors with regular income, tangible security and a return considerably better than savings accounts, GICs or bonds. I invite you to discover the difference between investing and speculating, learn about Fisgard’s long history of superb performance, and join our growing family of satisfied investors. Wayne Strandlund
Founder and CEO
Here’s wHat
Fisgard is an investment for everyone, at every income level – students, new parents, hardworking families, grandparents and retirees. It’s an investment you can count on, year after year; one where your money grows consistently and safely – with returns other investors only dream of. With Fisgard you can: Start really small. You don’t need a lot of money to start an investment. With Fisgard you can open an account with just $1,000. Get great returns. Every single quarter since above-average returns on their investments.
1995, our investors have experienced consistent
Stephanie Ustina
“The returns on investment are dependable, statements are easy to read and the people at Fisgard are friendly and professional, always ready to help – in simple English! Over the years I have moved other investments to Fisgard, because there, I can be sure that every quarter, my money
makes us diFFerent:
Save money. Our Registered Retirement Savings Plans, Tax-Free Savings Accounts and Registered Education Savings Plans are the most economical way to go, with our trustee fees being among the lowest in Canada. Stay flexible. Make a 1-year or 5-year investment – or both! You can take cash dividends on part of your investment and reinvest the rest for growth. With a phone call you can also switch from receiving cash dividends to reinvesting your dividends. Sleep easy. Keeping your investment secure is our highest
is making money. For me, it’s the perfect investment: sure results and ease of doing business in a down to earth setting. Thanks to Fisgard, I’ve been able to get on my feet financially, buy a home and start an RRSP.”
priority. Your investment is secured by Canadian real estate so you don’t have to worry about what the stock market is doing. You get the income and growth you want - without the sleepless nights.
‘‘
Fisgard is tHe best investment decision i’ve ever made.
Stephanie Ustina, investor since 1995
How it works: secure investments in canadian mortgages.
What is Fisgard?
Fund Capital 5 – Year term 1 – Year term Debt Debt-to-Capital Ratio Registered Plan Investments Cash investments Average single investment Fisgard investors Registered Plan holders Mortgage Securities Mortgage Assets $ 229,467,178 $ 201,128,151 $ 28,339,027 $0 0% $ 113,432,219 $ 116,034,958 $ 60,007 3,824 2,662 345 $ 250,959,898
Fisgard is a tax-exempt Mortgage Investment Corporation. We distribute 100% of our net profit to investors in the form of dividends and, since dividends paid to investors are treated as expenses for tax purposes, our company is not taxed. That means superior returns for our investors. Investors place cash and/or registered funds – like RRSPs, TFSAs or RESPs – in our 5 or 1-year terms. We invest that capital in mortgages secured by quality Canadian real estate property. The mortgages produce cash flow, which we pass on to you as dividends every quarter. You can take your dividends in cash for income, or reinvest your dividends so your money grows more quickly.
Note: Above numbers are time-sensitive and may change * Data as of 20-Apr-10
5.12%
2010 net cash return
5.21%
2010 net growth
Bob Herr
“Fisgard’s principle objective is the financial well-being of its investors. I have over 35 years experience in real estate, banking and mortgage lending and I admire what I see at Fisgard. I like the security How is my money secured? Fisgard is not a stock or mutual fund; it is a simple uncomplicated investment not driven by fees, and secured by tangible real estate property that appreciates in value over time. We invest only in mortgages secured by quality residential and commercial properties in Canada. We choose these sound investments because security of your capital is our highest priority. How can I invest with Fisgard? You can invest cash or funds from the full array of Canadian Registered Plans. If you are making TFSA or RRSP contributions or transferring an existing investment from another institution, Fisgard qualifies for the following plans: • • • • • • • • Registered Retirement Savings Plan (RRSP) Tax-Free Savings Account (TFSA) Registered Educational Savings Plan (RESP) Registered Retirement Income Fund (RRIF) Life Income Fund (LIF) Locked-in Retirement Income Fund (LRIF) Locked-in Retirement Account (LIRA) Individual Pension Plan (IPP) and consistency of return, the simplicity, openness and accountability of management, and the culture of kindness and respect. It’s great to be involved with a company whose investment decisions are based on sound business principles and good old common sense.”
‘‘
i like tHe security and consistency oF return.
Bob Herr, investor since 1995
How to save money tax-Free: great ideas From Fisgard.
Fisgard helps you save for the important things in life. Here are some great ideas: Tax-Free Saving. Canada’s new Tax-Free Savings Account and count on steady dependable growth along the way – building a retirement nest egg that is ready when you are. (TFSA) is the most important development in savings since the Registered Retirement Savings Plan was introduced in 1957. It is an easy way for Canadians to invest their money without paying tax. You can contribute up to $5,000 a year into a TFSA and, unlike stressful fee-based stocks and mutual funds that require constant attention and are subject to unpredictable market fluctuations, with Fisgard your money grows steadily and securely – tax-free. Need another reason to choose Fisgard? Since 1995 we have outperformed GICs, bonds, savings accounts and term deposits – by over 3%. Saving for Retirement. Saving for retirement is Combining the Fisgard compound interest investment with the $7,200 Canada Education Savings Grant you can grow a substantial post-secondary education fund over time. With an adequately funded RESP the student (beneficiary) will not be burdened with an expensive and often unmanageable student loan. Reaping the benefits. An investment in Fisgard provides many benefits including regular income if you take your dividends in cash, steady growth if you reinvest your dividends, reliable above-average returns, and the friendliest service you could wish for. Saving for Education. As a parent, aunt, uncle,
grandparent or friend, you can help a student of your choice pay for his or her post-secondary education by investing in a Fisgard Registered Education Savings Plan (RESP).
important for everyone. The best way to ensure that you have the money you need to enjoy your retirement is to stick to a simple consistent investment plan. That’s where Fisgard’s Registered Retirement Savings Plan (RRSP) comes in. Get a tax deferral at the front,
perFormance tHat speaks For itselF
Here you can see Fisgard’s performance separated into 5-year and 1-year term investments. Please note that these are net returns after all costs have been deducted. What you see is what you get. Above-average Returns
Investment Period 5-Yr Annual Dividend (Cash) 5.120% 6.000% 9.262% 10.474% 10.974% 8.939% 9.732% 10.217% 10.656% 11.068% 5-Yr Annual Reinvestment (Growth) 5.219% 6.136% 9.588% 10.893% 11.434% 8.654% 9.586% 10.180% 10.737% 11.536% 1-Yr Annual Dividend (Cash) 3.120% 4.000% 7.262% 8.474% 8.974% 6.939% 7.732% 8.217% 8.656% 9.068% 1-Yr Annual Reinvestment (Growth) 3.157% 4.060% 7.462% 8.748% 9.281% 6.541% 7.460% 8.045% 8.594% 9.381%
You can also see what our investors have received as cash dividends and the growth they’ve experienced when they reinvested their dividends. We are confident you will find Fisgard’s dividend performance both reassuring and exciting.
2010 2009 2008 2007 2006 2006-2010 2004-2010 2002-2010 1999-2010 1995-2010
* Data as of 01-Apr-10
cHoose tHe rigHt investment For you.
Below you’ll find charts illustrating the most popular investment options amongst our shareholders. Many Fisgard investors make combination investments of both cash and registered funds, investing some in 5-year and some in 1-year, and taking cash dividends on some of the investment for income and reinvesting the rest of their dividends for growth. Cash & Registered Plan Funds 51% in cash investments 49% in Registered Plan Funds
All chart data based on dollar volume.
year aFter year, quarter by quarter.
Income & Growth every quarter
Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Yearly Ave. Cash Dividend 5.120% 5.876% 10.000% 10.528% 10.827% 11.345% 11.571% 11.495% 11.817% 12.091% 9.757% 10.296% 9.944% 9.651% 14.410% 6.020% 9.000% 10.381% 11.000% 11.147% 11.666% 12.005% 11.596% 12.119% 7.952% 9.794% 10.166% 11.574% 13.500% 5.102% 8.000% 10.400% 11.000% 11.300% 11.500% 12.010% 11.612% 11.681% 27.919% 11.512% 9.999% 12.620% 14.810% 6.000% 9.262% 10.474% 10.974% 11.285% 11.552% 11.763% 11.700% 12.007% 13.425% 10.161% 10.257% 10.561% 14.448% Yearly Ave. Reinvestment Growth 5.219% 6.136% 9.588% 10.893% 11.434% 11.772% 12.062% 12.292% 12.223% 12.559% 14.116% 10.555% 10.658% 10.987% 15.249%
5-year term 2010 YTD 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
* Data as of 01-Apr-10
5.120% 7.000% 10.047% 10.589% 11.070% 11.350% 11.472% 11.541% 11.773% 12.138% 8.072% 9.041% 10.917% 8.399% 15.070%
5-year pays 2% more than 1-year 88% invested for 5 years 12% invested for 1 year
Reinvest your dividends for Growth 67% reinvested for growth 33% cash for income
* Data as of 01-Jan-10
a track record you can count on.
Superior returns and uninterrupted dividends. We think our track record speaks for itself. Since 1995 we have provided our investors with superior returns and quarter after quarter of steady reliable uninterrupted dividends. The Power of Compound Interest their dividends.
140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2000 2002 2004 2001 2005 2006 2009 1996 1999 2007 2008 1995 2003 1997 1998
Helping people achieve their goals is what it’s all about.
“Our investors are with us for the long haul. That’s important to me because I can build a relationship with them over time, helping them achieve their goals as their needs change. I’m proud of Fisgard’s reputation for excellence, honest dealing and courteous service.” Aggie Giemza
Investor Relations
Fisgard Investors achieve “growth” simply by reinvesting
$25,000 invested in Fisgard’s 5-year term starting January 1, 1995 grew to $130,301 by December 31, 2009 for an average growth of $7,020 per year.
* Data as of 01-Jan-10
Scott Thompson
“I feel safe with Fisgard. I’ve been ‘part of the family’ since 2005, and every year my money has made more money. I’m saving for my kids’ education and for my retirement without having to worry about fluctuations in the stock market. I love recommending Fisgard to my friends because they’re honest and trustworthy, and they really care.”
invest, don’t speculate! trouble Free growtH
Are you an investor or a speculator? Investing means your money safely and patiently over time. When you speculate on stocks and mutual funds you risk losing not only any gains you might have made, but also your principal. That means putting your hard earned retirement and your future comfort in jeopardy. protecting your principal, avoiding worries, and growing
5.120%
RETuRn
2010 YTD NeT Cash
At Fisgard we put the safety and security of your principal first. With regular modest additions to your principal and the power of compound interest your money grows steadily, consistently and reliably, building the retirement or education fund you can count on.
‘‘
i Feel saFe witH Fisgard.
Scott Thompson, investor since 2005
Yudy and Suzanne Lee
“Fisgard is very different than other financial institutions I’ve dealt with – much more approachable and easy to talk with. We’ve invested with them for over 10 years now, and have been very happy. We’ve had a very good, very reliable return on our investment since the beginning. I never hesitate to recommend Fisgard to my friends.”
tHrougH tHe power oF compound interest.
Compound interest at work. If John opens a TFSA when he is 18 years old, and contributes $50 every two weeks until he is sixty, he will have invested $54,600. Accelerated by the power of compound interest his savings will grow to an incredible $184,543! If he decides to leave the money in his tax-free account he will be able to withdraw $988 every month until his 90th birthday! * The above calculation is based on a 5% return for illustration purposes only.
‘‘
i never Hesitate to recommend Fisgard to my Friends.
Yudy and Suzanne Lee, investors since 1995
in good Hands your Fisgard team
Hali Strandlund, President. Hali is a senior member of Fisgard’s mortgage team. She analyzes mortgage investments and has a well-earned reputation for her knowledge of real estate values, construction and development. Hali brings recognition and respect to the company and has spent her professional career since 1989 with Fisgard. As well as being our president since 1994, Hali chairs the 12,000 member Canadian Association of Accredited Mortgage Professionals. She is a past president of the Mortgage Brokers Association of BC and a former director of both the Mortgage Investment Association of BC and the Canadian Home Builders Association. Hali is a member of the Editorial Board of ‘Canadian Mortgage Professional’, Canada’s leading magazine for mortgage brokers and lenders, and has been honoured with the prestigious CAAMP-MBABC Award for Distinguished Service to the mortgage industry. Wayne Strandlund, Founder & CEO. Wayne coordinates the efforts of the investment and mortgage underwriting teams, working with our mortgage underwriters to build a solid mortgage portfolio and our investment staff to ensure Fisgard’s investors are rewarded with consistent above-average returns. Rafer is a graduate of the British Columbia Institute of Wayne is Fisgard’s founder and Chief Executive Officer. An honors graduate of the University of Victoria, he has spent his professional career since 1967 in the real estate and mortgage investment business. He is a governor of the Notary Foundation of BC and a past president of the Victoria Real Estate Board and the BC Real Estate Association. Wayne is also a former member of the Real Estate Council of BC and a former professor at the Canadian College for Chinese Studies where he lectured to foreign business delegations on the subject of Canadian Securities. Technology and has held positions with a Canadian chartered bank and a British Columbia Credit Union. He is a member of the BC Mortgage Brokers Association, the Mortgage Investment Association of British Columbia and the Urban Development Institute. Rafer Strandlund, Vice-President. Rafer is responsible for management of the mortgage department and is the senior mortgage underwriter. His role includes approving or declining mortgage applications for Fisgard underwriters, training department staff, directing investment policy to ensure a balanced portfolio, and maintaining professional underwriting guidelines, making adjustments as and where required. Rafer manages business relationships with Fisgard’s many external partners. She is respected by investors and borrowers, popular with her business colleagues, and exemplifies the culture of teamwork that is the cornerstone of Fisgard’s management philosophy. Dawn Paniz, General Manager & CFO. Dawn is Fisgard’s General Manager and Chief Financial Officer and has been with Fisgard since 1994. She manages our cash, Registered Savings and Registered Pension funds. As well as supervising all company activity including securities reporting, audit procedures, management of trusts and investment strategy, she also works with Fisgard’s mortgage team ensuring our mortgages meet the strict criteria investors expect.
Experience means a lot – and we have plenty of it.
“My family has been in the mortgage financing and investment business since 1968 and I’ve spent my entire professional business career with Fisgard since 1989. Many of our borrowers and investors have been with us for over forty-two years. That security and longrange perspective is important to us – and to our clients.” Hali Strandlund
President & Mortgage Underwriter
Frequently asked questions.
How long has Fisgard been in business? Fisgard was incorporated in 1994, evolving out of years of mortgage lending and investing dating back to 1968. What kind of mortgages does Fisgard How am I taxed? The returns you receive as an investor are taxed as interest, not dividends. Can I transfer my current registered plan to Fisgard? Yes you can. We handle the details for you. Just provide us with the name of your current plan holder and plan number and we’ll take care of the rest. How do I receive my dividends? Most of our clients receive their dividends by Electronic Funds Transfer. Is my money locked in? Your funds are committed for a 5-year or 1-year term, depending on the term you choose. On joint investments Fisgard offers a Compassionate Early Redemption program that allows the surviving spouse to redeem the investment earlier than its maturity date, if needed. Is the investment guaranteed? No, the underlying security is the Canadian real estate property against which we have mortgage charges plus the personal guarantees of the owners of the property. Does Fisgard have a succession plan? Yes. An important feature of Fisgard’s business plan is succession planning. We have been in business for a long time and will be for many years to come. Fisgard has a policy of being 3-deep at all company positions, including directors and administration. Do you charge brokerage fees? We do not broker mortgages for a fee. We lend money to qualified borrowers and decisions are not made on the basis of finders’ fees, but on the quality and security of the mortgage. Are investors notified of when their investment is due? Yes, with each Quarterly Dividend Statement investors are provided full details of investments that mature the following quarter. invest in? All of our mortgages are secured by Canadian real estate property located primarily in BC and Alberta. We base our mortgage investments on the value of property and credit-worthiness of the borrower. Our mortgage portfolio includes both first and second mortgages. Have Fisgard investors ever lost money? No. None of our investors have ever lost investment capital.
Graham & Dorothy Cook
“Everyone at Fisgard goes out of their way to be forthright and honest. They are entirely open, accessible, and they never go out on a limb or overvalue the properties they invest in. They’ve turned a small pension into a good income for us. We’re very impressed.” Fisgard started in Victoria’s Chinatown, in the Quonley heritage building at the corner of Fisgard and Government, near the Gates of Harmonious Interest. In 2004 we moved to Douglas Street, where we bought and renovated the Royal Bank building. Our company was named after Fisgard Lighthouse, which was built in 1860 in Esquimalt Harbour in Victoria. The lighthouse served as a beacon for the British Royal Navy’s Pacific Squadron, and is today home base for the Royal Canadian Navy. Now decommissioned, the lighthouse is a famous National Historic site visited by thousands of tourists each year, as the oldest lighthouse on the west coast of North America. To us the Fisgard Lighthouse symbolizes security, stability, and vision – qualities we believe in and feel are vital to our investors. We’re proud to have provided our growing family of investors a secure way to save for the future. Mission Statement. Fisgard provides security, income and by valuable Canadian real estate property.
Graham & Dorothy Cook, investors since 1995
growth by carefully investing in quality mortgages secured
For more information about Fisgard, or to find out how you can join our family, please contact us. 3378 Douglas Street, Victoria BC V8Z 3L3 General Inquiries 250.382.9255 Toll Free Phone 866.382.9255 Toll Free Fax 866.384.1498 Email [email protected] Web www.fisgard.com
Fisgard has a flawless track record of superior returns on secure investments, and a reputation for honest, friendly and courteous service.
A better way to invest: Putting security first.
Welcome to a better way to invest – one that lets you sleep easy, knowing your money is safe and growing. At Fisgard we put the security of your capital first, investing it only in quality mortgages on Canadian real estate property. History has shown that real estate appreciates in value over time, even though prices fluctuate from time to time. It is this enduring value that provides our investors with regular income, tangible security and a return considerably better than savings accounts, GICs or bonds. I invite you to discover the difference between investing and speculating, learn about Fisgard’s long history of superb performance, and join our growing family of satisfied investors. Wayne Strandlund
Founder and CEO
Here’s wHat
Fisgard is an investment for everyone, at every income level – students, new parents, hardworking families, grandparents and retirees. It’s an investment you can count on, year after year; one where your money grows consistently and safely – with returns other investors only dream of. With Fisgard you can: Start really small. You don’t need a lot of money to start an investment. With Fisgard you can open an account with just $1,000. Get great returns. Every single quarter since above-average returns on their investments.
1995, our investors have experienced consistent
Stephanie Ustina
“The returns on investment are dependable, statements are easy to read and the people at Fisgard are friendly and professional, always ready to help – in simple English! Over the years I have moved other investments to Fisgard, because there, I can be sure that every quarter, my money
makes us diFFerent:
Save money. Our Registered Retirement Savings Plans, Tax-Free Savings Accounts and Registered Education Savings Plans are the most economical way to go, with our trustee fees being among the lowest in Canada. Stay flexible. Make a 1-year or 5-year investment – or both! You can take cash dividends on part of your investment and reinvest the rest for growth. With a phone call you can also switch from receiving cash dividends to reinvesting your dividends. Sleep easy. Keeping your investment secure is our highest
is making money. For me, it’s the perfect investment: sure results and ease of doing business in a down to earth setting. Thanks to Fisgard, I’ve been able to get on my feet financially, buy a home and start an RRSP.”
priority. Your investment is secured by Canadian real estate so you don’t have to worry about what the stock market is doing. You get the income and growth you want - without the sleepless nights.
‘‘
Fisgard is tHe best investment decision i’ve ever made.
Stephanie Ustina, investor since 1995
How it works: secure investments in canadian mortgages.
What is Fisgard?
Fund Capital 5 – Year term 1 – Year term Debt Debt-to-Capital Ratio Registered Plan Investments Cash investments Average single investment Fisgard investors Registered Plan holders Mortgage Securities Mortgage Assets $ 229,467,178 $ 201,128,151 $ 28,339,027 $0 0% $ 113,432,219 $ 116,034,958 $ 60,007 3,824 2,662 345 $ 250,959,898
Fisgard is a tax-exempt Mortgage Investment Corporation. We distribute 100% of our net profit to investors in the form of dividends and, since dividends paid to investors are treated as expenses for tax purposes, our company is not taxed. That means superior returns for our investors. Investors place cash and/or registered funds – like RRSPs, TFSAs or RESPs – in our 5 or 1-year terms. We invest that capital in mortgages secured by quality Canadian real estate property. The mortgages produce cash flow, which we pass on to you as dividends every quarter. You can take your dividends in cash for income, or reinvest your dividends so your money grows more quickly.
Note: Above numbers are time-sensitive and may change * Data as of 20-Apr-10
5.12%
2010 net cash return
5.21%
2010 net growth
Bob Herr
“Fisgard’s principle objective is the financial well-being of its investors. I have over 35 years experience in real estate, banking and mortgage lending and I admire what I see at Fisgard. I like the security How is my money secured? Fisgard is not a stock or mutual fund; it is a simple uncomplicated investment not driven by fees, and secured by tangible real estate property that appreciates in value over time. We invest only in mortgages secured by quality residential and commercial properties in Canada. We choose these sound investments because security of your capital is our highest priority. How can I invest with Fisgard? You can invest cash or funds from the full array of Canadian Registered Plans. If you are making TFSA or RRSP contributions or transferring an existing investment from another institution, Fisgard qualifies for the following plans: • • • • • • • • Registered Retirement Savings Plan (RRSP) Tax-Free Savings Account (TFSA) Registered Educational Savings Plan (RESP) Registered Retirement Income Fund (RRIF) Life Income Fund (LIF) Locked-in Retirement Income Fund (LRIF) Locked-in Retirement Account (LIRA) Individual Pension Plan (IPP) and consistency of return, the simplicity, openness and accountability of management, and the culture of kindness and respect. It’s great to be involved with a company whose investment decisions are based on sound business principles and good old common sense.”
‘‘
i like tHe security and consistency oF return.
Bob Herr, investor since 1995
How to save money tax-Free: great ideas From Fisgard.
Fisgard helps you save for the important things in life. Here are some great ideas: Tax-Free Saving. Canada’s new Tax-Free Savings Account and count on steady dependable growth along the way – building a retirement nest egg that is ready when you are. (TFSA) is the most important development in savings since the Registered Retirement Savings Plan was introduced in 1957. It is an easy way for Canadians to invest their money without paying tax. You can contribute up to $5,000 a year into a TFSA and, unlike stressful fee-based stocks and mutual funds that require constant attention and are subject to unpredictable market fluctuations, with Fisgard your money grows steadily and securely – tax-free. Need another reason to choose Fisgard? Since 1995 we have outperformed GICs, bonds, savings accounts and term deposits – by over 3%. Saving for Retirement. Saving for retirement is Combining the Fisgard compound interest investment with the $7,200 Canada Education Savings Grant you can grow a substantial post-secondary education fund over time. With an adequately funded RESP the student (beneficiary) will not be burdened with an expensive and often unmanageable student loan. Reaping the benefits. An investment in Fisgard provides many benefits including regular income if you take your dividends in cash, steady growth if you reinvest your dividends, reliable above-average returns, and the friendliest service you could wish for. Saving for Education. As a parent, aunt, uncle,
grandparent or friend, you can help a student of your choice pay for his or her post-secondary education by investing in a Fisgard Registered Education Savings Plan (RESP).
important for everyone. The best way to ensure that you have the money you need to enjoy your retirement is to stick to a simple consistent investment plan. That’s where Fisgard’s Registered Retirement Savings Plan (RRSP) comes in. Get a tax deferral at the front,
perFormance tHat speaks For itselF
Here you can see Fisgard’s performance separated into 5-year and 1-year term investments. Please note that these are net returns after all costs have been deducted. What you see is what you get. Above-average Returns
Investment Period 5-Yr Annual Dividend (Cash) 5.120% 6.000% 9.262% 10.474% 10.974% 8.939% 9.732% 10.217% 10.656% 11.068% 5-Yr Annual Reinvestment (Growth) 5.219% 6.136% 9.588% 10.893% 11.434% 8.654% 9.586% 10.180% 10.737% 11.536% 1-Yr Annual Dividend (Cash) 3.120% 4.000% 7.262% 8.474% 8.974% 6.939% 7.732% 8.217% 8.656% 9.068% 1-Yr Annual Reinvestment (Growth) 3.157% 4.060% 7.462% 8.748% 9.281% 6.541% 7.460% 8.045% 8.594% 9.381%
You can also see what our investors have received as cash dividends and the growth they’ve experienced when they reinvested their dividends. We are confident you will find Fisgard’s dividend performance both reassuring and exciting.
2010 2009 2008 2007 2006 2006-2010 2004-2010 2002-2010 1999-2010 1995-2010
* Data as of 01-Apr-10
cHoose tHe rigHt investment For you.
Below you’ll find charts illustrating the most popular investment options amongst our shareholders. Many Fisgard investors make combination investments of both cash and registered funds, investing some in 5-year and some in 1-year, and taking cash dividends on some of the investment for income and reinvesting the rest of their dividends for growth. Cash & Registered Plan Funds 51% in cash investments 49% in Registered Plan Funds
All chart data based on dollar volume.
year aFter year, quarter by quarter.
Income & Growth every quarter
Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Yearly Ave. Cash Dividend 5.120% 5.876% 10.000% 10.528% 10.827% 11.345% 11.571% 11.495% 11.817% 12.091% 9.757% 10.296% 9.944% 9.651% 14.410% 6.020% 9.000% 10.381% 11.000% 11.147% 11.666% 12.005% 11.596% 12.119% 7.952% 9.794% 10.166% 11.574% 13.500% 5.102% 8.000% 10.400% 11.000% 11.300% 11.500% 12.010% 11.612% 11.681% 27.919% 11.512% 9.999% 12.620% 14.810% 6.000% 9.262% 10.474% 10.974% 11.285% 11.552% 11.763% 11.700% 12.007% 13.425% 10.161% 10.257% 10.561% 14.448% Yearly Ave. Reinvestment Growth 5.219% 6.136% 9.588% 10.893% 11.434% 11.772% 12.062% 12.292% 12.223% 12.559% 14.116% 10.555% 10.658% 10.987% 15.249%
5-year term 2010 YTD 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
* Data as of 01-Apr-10
5.120% 7.000% 10.047% 10.589% 11.070% 11.350% 11.472% 11.541% 11.773% 12.138% 8.072% 9.041% 10.917% 8.399% 15.070%
5-year pays 2% more than 1-year 88% invested for 5 years 12% invested for 1 year
Reinvest your dividends for Growth 67% reinvested for growth 33% cash for income
* Data as of 01-Jan-10
a track record you can count on.
Superior returns and uninterrupted dividends. We think our track record speaks for itself. Since 1995 we have provided our investors with superior returns and quarter after quarter of steady reliable uninterrupted dividends. The Power of Compound Interest their dividends.
140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2000 2002 2004 2001 2005 2006 2009 1996 1999 2007 2008 1995 2003 1997 1998
Helping people achieve their goals is what it’s all about.
“Our investors are with us for the long haul. That’s important to me because I can build a relationship with them over time, helping them achieve their goals as their needs change. I’m proud of Fisgard’s reputation for excellence, honest dealing and courteous service.” Aggie Giemza
Investor Relations
Fisgard Investors achieve “growth” simply by reinvesting
$25,000 invested in Fisgard’s 5-year term starting January 1, 1995 grew to $130,301 by December 31, 2009 for an average growth of $7,020 per year.
* Data as of 01-Jan-10
Scott Thompson
“I feel safe with Fisgard. I’ve been ‘part of the family’ since 2005, and every year my money has made more money. I’m saving for my kids’ education and for my retirement without having to worry about fluctuations in the stock market. I love recommending Fisgard to my friends because they’re honest and trustworthy, and they really care.”
invest, don’t speculate! trouble Free growtH
Are you an investor or a speculator? Investing means your money safely and patiently over time. When you speculate on stocks and mutual funds you risk losing not only any gains you might have made, but also your principal. That means putting your hard earned retirement and your future comfort in jeopardy. protecting your principal, avoiding worries, and growing
5.120%
RETuRn
2010 YTD NeT Cash
At Fisgard we put the safety and security of your principal first. With regular modest additions to your principal and the power of compound interest your money grows steadily, consistently and reliably, building the retirement or education fund you can count on.
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i Feel saFe witH Fisgard.
Scott Thompson, investor since 2005
Yudy and Suzanne Lee
“Fisgard is very different than other financial institutions I’ve dealt with – much more approachable and easy to talk with. We’ve invested with them for over 10 years now, and have been very happy. We’ve had a very good, very reliable return on our investment since the beginning. I never hesitate to recommend Fisgard to my friends.”
tHrougH tHe power oF compound interest.
Compound interest at work. If John opens a TFSA when he is 18 years old, and contributes $50 every two weeks until he is sixty, he will have invested $54,600. Accelerated by the power of compound interest his savings will grow to an incredible $184,543! If he decides to leave the money in his tax-free account he will be able to withdraw $988 every month until his 90th birthday! * The above calculation is based on a 5% return for illustration purposes only.
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i never Hesitate to recommend Fisgard to my Friends.
Yudy and Suzanne Lee, investors since 1995
in good Hands your Fisgard team
Hali Strandlund, President. Hali is a senior member of Fisgard’s mortgage team. She analyzes mortgage investments and has a well-earned reputation for her knowledge of real estate values, construction and development. Hali brings recognition and respect to the company and has spent her professional career since 1989 with Fisgard. As well as being our president since 1994, Hali chairs the 12,000 member Canadian Association of Accredited Mortgage Professionals. She is a past president of the Mortgage Brokers Association of BC and a former director of both the Mortgage Investment Association of BC and the Canadian Home Builders Association. Hali is a member of the Editorial Board of ‘Canadian Mortgage Professional’, Canada’s leading magazine for mortgage brokers and lenders, and has been honoured with the prestigious CAAMP-MBABC Award for Distinguished Service to the mortgage industry. Wayne Strandlund, Founder & CEO. Wayne coordinates the efforts of the investment and mortgage underwriting teams, working with our mortgage underwriters to build a solid mortgage portfolio and our investment staff to ensure Fisgard’s investors are rewarded with consistent above-average returns. Rafer is a graduate of the British Columbia Institute of Wayne is Fisgard’s founder and Chief Executive Officer. An honors graduate of the University of Victoria, he has spent his professional career since 1967 in the real estate and mortgage investment business. He is a governor of the Notary Foundation of BC and a past president of the Victoria Real Estate Board and the BC Real Estate Association. Wayne is also a former member of the Real Estate Council of BC and a former professor at the Canadian College for Chinese Studies where he lectured to foreign business delegations on the subject of Canadian Securities. Technology and has held positions with a Canadian chartered bank and a British Columbia Credit Union. He is a member of the BC Mortgage Brokers Association, the Mortgage Investment Association of British Columbia and the Urban Development Institute. Rafer Strandlund, Vice-President. Rafer is responsible for management of the mortgage department and is the senior mortgage underwriter. His role includes approving or declining mortgage applications for Fisgard underwriters, training department staff, directing investment policy to ensure a balanced portfolio, and maintaining professional underwriting guidelines, making adjustments as and where required. Rafer manages business relationships with Fisgard’s many external partners. She is respected by investors and borrowers, popular with her business colleagues, and exemplifies the culture of teamwork that is the cornerstone of Fisgard’s management philosophy. Dawn Paniz, General Manager & CFO. Dawn is Fisgard’s General Manager and Chief Financial Officer and has been with Fisgard since 1994. She manages our cash, Registered Savings and Registered Pension funds. As well as supervising all company activity including securities reporting, audit procedures, management of trusts and investment strategy, she also works with Fisgard’s mortgage team ensuring our mortgages meet the strict criteria investors expect.
Experience means a lot – and we have plenty of it.
“My family has been in the mortgage financing and investment business since 1968 and I’ve spent my entire professional business career with Fisgard since 1989. Many of our borrowers and investors have been with us for over forty-two years. That security and longrange perspective is important to us – and to our clients.” Hali Strandlund
President & Mortgage Underwriter
Frequently asked questions.
How long has Fisgard been in business? Fisgard was incorporated in 1994, evolving out of years of mortgage lending and investing dating back to 1968. What kind of mortgages does Fisgard How am I taxed? The returns you receive as an investor are taxed as interest, not dividends. Can I transfer my current registered plan to Fisgard? Yes you can. We handle the details for you. Just provide us with the name of your current plan holder and plan number and we’ll take care of the rest. How do I receive my dividends? Most of our clients receive their dividends by Electronic Funds Transfer. Is my money locked in? Your funds are committed for a 5-year or 1-year term, depending on the term you choose. On joint investments Fisgard offers a Compassionate Early Redemption program that allows the surviving spouse to redeem the investment earlier than its maturity date, if needed. Is the investment guaranteed? No, the underlying security is the Canadian real estate property against which we have mortgage charges plus the personal guarantees of the owners of the property. Does Fisgard have a succession plan? Yes. An important feature of Fisgard’s business plan is succession planning. We have been in business for a long time and will be for many years to come. Fisgard has a policy of being 3-deep at all company positions, including directors and administration. Do you charge brokerage fees? We do not broker mortgages for a fee. We lend money to qualified borrowers and decisions are not made on the basis of finders’ fees, but on the quality and security of the mortgage. Are investors notified of when their investment is due? Yes, with each Quarterly Dividend Statement investors are provided full details of investments that mature the following quarter. invest in? All of our mortgages are secured by Canadian real estate property located primarily in BC and Alberta. We base our mortgage investments on the value of property and credit-worthiness of the borrower. Our mortgage portfolio includes both first and second mortgages. Have Fisgard investors ever lost money? No. None of our investors have ever lost investment capital.
Graham & Dorothy Cook
“Everyone at Fisgard goes out of their way to be forthright and honest. They are entirely open, accessible, and they never go out on a limb or overvalue the properties they invest in. They’ve turned a small pension into a good income for us. We’re very impressed.” Fisgard started in Victoria’s Chinatown, in the Quonley heritage building at the corner of Fisgard and Government, near the Gates of Harmonious Interest. In 2004 we moved to Douglas Street, where we bought and renovated the Royal Bank building. Our company was named after Fisgard Lighthouse, which was built in 1860 in Esquimalt Harbour in Victoria. The lighthouse served as a beacon for the British Royal Navy’s Pacific Squadron, and is today home base for the Royal Canadian Navy. Now decommissioned, the lighthouse is a famous National Historic site visited by thousands of tourists each year, as the oldest lighthouse on the west coast of North America. To us the Fisgard Lighthouse symbolizes security, stability, and vision – qualities we believe in and feel are vital to our investors. We’re proud to have provided our growing family of investors a secure way to save for the future. Mission Statement. Fisgard provides security, income and by valuable Canadian real estate property.
Graham & Dorothy Cook, investors since 1995
growth by carefully investing in quality mortgages secured
For more information about Fisgard, or to find out how you can join our family, please contact us. 3378 Douglas Street, Victoria BC V8Z 3L3 General Inquiries 250.382.9255 Toll Free Phone 866.382.9255 Toll Free Fax 866.384.1498 Email [email protected] Web www.fisgard.com
