Romspen Mortgage Investment Fund Announces 2020 Results

by benzinga.com posted 1month ago 7 views
Romspen Delivers Solid Performance in 2020, Despite Pandemic TORONTO, June 11, 2021 /CNW/ - Romspen Mortgage Investment Fund, a leading non-bank mortgage lender specializing in commercial and industrial real estate, today released its financial statements for the year ended December 31, 2020. For 2020, the Fund achieved a 5.8% net yield, reflecting both a strong absolute yield and outperformance against the returns of both the major fixed-income benchmarks and the major Canadian equity index, despite the significant disruptions to the economy posed by the COVID-19 global pandemic. 2020 Highlights The net investment portfolio decreased modestly by 2% in 2020 to $2.9 billion.

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