Frequently asked questions.

Hera is a mortgage investment corporation located in North Vancouver, British Columbia.

To invest in Hera Investment Funds, you can contact our customer support team for assistance. They will guide you through the investment process and help you get started.

The minimum investment for non-registered funds is $50,000 and for registered funds such as RRSP and TFSAs is $10,000.

Yes.

Hera primarily invests in mortgages within British Columbia.

You can see our historical returns here.

Yes. Hera is eligible for all registered funds such as TFSA and RRSP.

Hera funds is managed by its team of professionals internally. The management of the funds has not been outsourced.

There are no fees associated with subscription. Hera funds covers the legal costs of subscription and the EMD fees in lieu of our investors.

We ask that you plan to invest at Hera for a minimum period of 1 year. If you wish to redeem your shares before the 1 year period, you are charged the greater of $1000 or a 4% early redemption fee.

You can email us at [email protected] and request a partial or total redemption.

Yes, subject to the early redemption provisions.

Dividends are calculated quarterly.

Yes, we recommend that you seek financial advice from the advisor of your choice, but ultimately Drake Financial, the exempt market dealer working with Hera will meet with you to assess your investment eligibility.

Hera does not pay any taxes at the corporate level. Dividends are distributed to shareholders and each shareholder seeks their own tax advice from their advisors. You can invest in Hera through your RRSP and TFSA accounts to benefit from tax advantages.

Hera has created a personalized secure portal for every one of its investors. You can access your portal here. Please contact us for access if you need help.

Hera invests in mortgages in British Columbia with a focus of preservation of capital and safety while maximizing returns for our investors.

Hera invests in a mix of residential and commercial properties in first and second mortgage positions to maintain a diversified portfolio.

No. Hera’s investments are backed by real estate assets and also Hera carries a contingency fund for default on investments. Hera is a beneficiary to the property insurance in which it has a lien but there are no specific insurances that cover any of Hera’s investors.

Please check our historical returns here. Hera does not announce any expectations on returns.

There are risks associated with every kind of investment. For a better understanding of those risks please contact your financial advisor.

Hera releases quarterly dividend reports to all of its investors and issues an updated annual Offering Memorandum.

Yes. You can withdraw your dividends quarterly or you can choose to reinvest them, in which case your dividends will be compounded quarterly.

You can subscribe to Class B Preferred shares at Hera. For registered funds such as RRSP and TFSAs, you will need to open an account with Western Pacific Trust. Contact us for help.

To subscribe to Hera, we will arrange for a meeting for you to discuss your investment intention with Drake Financial who will guide you in the subscription process.

Yes. You can transfer your investments form any financial institution to Hera.

Please email us your updated information to [email protected]

Your statements are available to you on your portal here. We mail you your T5 Tax slip by end of February of every year.

Please check this link.

Hera issues 13 month term mortgages so that it can adjust its portfolio to changing market conditions.

Yes. You can invest from a personal account, a business account, or a registered fund account through a trustee.

Distributions are made quarterly.

To update your preferences or information please contact us.

Hera withholds the taxes and submits to Canada Revenue Agency. Foreign investors receive the NR4 slip to show the withheld and submitted tax amounts.

Yes.

You can access Hera’s Historical Data Here.

Dividends are reinvested every quarter. Investors who choose to reinvest their dividends benefit from quarterly compounding of their dividends.