Fund Managers Otago Limited is a Fund Manager and does not offer investors investment advice.
For investment advice we recommend that you make contact with a qualified registered investment advisor.

The Capital Mortgage Income Trust P.I.E. Fund is currently closed for new investments.

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The Fund’s objective is to offer an investment in a diversified portfolio of first mortgages, providing returns that generally outperform bank term deposit rates.

The key investment points are:

• The minimum Investment is $500.
  
  
• The Fund was established in Wellington in 2003.
  
  
• $20.6 Million of unitholder funds as at 15 December 2011 (unaudited figure).
  
  
• Returns to investors are on a floating rate and are paid at the end of each quarter (three-month period). The quarterly income received from the Fund’s mortgage portfolio determines the level of return to investors. Quarterly returns to investors have out-performed advertised bank one year term deposit interest rates for several registered banks, as illustrated in our newsletter on the News and Info page.
  
  
• Returns can either be paid into an investors bank account or re-invested in further units in the Fund.
  
  
• Investments in the Fund are spread across a portfolio of registered first mortgages secured over rural, commercial and residential properties nation-wide.
  
  
• There is no fixed term for investments, although the fund is geared towards medium to long term investors. Withdrawals will be paid within 90 business days after the Manager receives your withdrawal notice.
  
  
• There are no entry fees and no application fees. The Manager has discretion to charge a fee of up to 2% on any money withdrawn 12 months after investment and up to 1% on any money withdrawn more than 12 months but less than 24 months after investment.
  
  
• Investors can make regular contributions to their investment.
  
  
• As a PIE registered Group Investment Fund tax is deducted at the investors’ nominated prescribed investor rate.
  
  
• This investment is available to NZ residents only.