I'm looking into Mortgage Investment Corporations as an alternative to more REIT exposure. A good article in the Winnipeg Free Press last week got me interested. There are several publicly traded MICS on the TSX, like Atrium, Firm Capital, Timbercreek and TREZ for example. These things have a crazy high yield which seems too good to be sustainable at first glance, but many have a good track record, and are rated well by analysts. I'm looking at Atrium in particular. Their payout is straight interest which would make them good candidates for a registered account. I'm sitting on some cash in my TFSA and looking for something different.
Any comments would be appreciated. Thanks in advance.