TORONTO--(BUSINESS WIRE)--NEO is pleased to announce that Antrim Investments (“Antrim”) will utilize the NEO Connect platform to distribute the Antrim Mortgage Investments Fund (the “Fund”) as a Platform Traded FundTM (PTFTM). The Fund, which is the largest residential Mortgage Investment Corporation (“MIC”) in Canada, invests in a diversified portfolio of residential first and second mortgages in Alberta and British Columbia. The Fund is now available on NEO Connect under the following symbols, ABMPN, ABMBN, and ABMFN.
“We are proud to partner with NEO and make Canada’s largest residential MIC available as a PTF on the NEO Connect Platform,” said Will Granleese, Portfolio Manager and Director at Antrim Investments. “Our MIC is focused on providing shareholders with a steady stream of interest income and is backed by our esteemed management team with over 45 years of mortgage financing experience. We look forward to leveraging NEO Connect’s innovative platform that will allow investors to enjoy the most efficient access to our fund.”
NEO Connect has experienced rapid growth within the IIROC and MFDA community since its launch in 2016, and has allowed fund providers to efficiently raise nearly $1 billion across 70 PTFs. NEO Connect is available to advisors, dealer networks and asset managers who want a more efficient way to invest in assets not listed on a stock exchange.
“We are proud to welcome the Antrim team to the NEO family as they embrace the PTF revolution,” said Jos Schmitt, President and CEO, NEO. “The proliferation of PTFs has continued to gain momentum throughout the year, with more than ten asset managers now leveraging our innovative platform to broaden their distribution networks. They are placing more products on the shelf that can be transacted seamlessly, efficiency and ultimately at a lower cost.”
About NEO Connect
NEO Connect is a centralized platform that distributes financial assets from asset managers to investors. Launched in May 2016, NEO Connect is accessible to all advisors, dealer networks and asset managers who want more efficient and lower cost transactions for assets not listed on stock exchanges, including mutual funds, OM funds and private corporations. Click here to view the full directory of financial assets available on NEO Connect. An initial test trade can be organized and executed within 24 hours. To arrange a test or learn more, contact the NEO investor helpline toll-free at 1-844-567-6424 or visit: https://www.aequitasneo.com/en/connect/neo-connect.