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June 18, 2014 update

June 18, 2014

Dear Shareholder,

Our fiscal year of 2013/2014 was one of significant progress for the company.  We continue to make great strides in delivering the message of what aroi has to offer to investors, referral sources and ultimately the consumer that needs our services.  Overall our companies posture, operation and foundation for profitable growth is stronger today than a year ago.  We enjoyed a 62% increase in gross revenue which translates into 24.1% rate of revenue as a percentage of average capital stock before expenses.

After expenses we enjoyed a 12.3% income on the average shares outstanding throughout the year, with a  2% Dividend declared at the year end.  Consequently, this brings the total dividend paid to investors for the 2013/2014 fiscal year to 10%.

Our Financial health can be measured by  the loan to value ratio which remains below 65% (aggregate portfolio) and the consistent turnover of our mortgages. We paid out the mortgage dollar value written in the prior fiscal year with zero foreclosures since the inception of aroi.

One of our major achievements in 2013 was acceptance by Canadian Western Trust’s compliance department for our shares to be held in TFSA and RRSP accounts, which led to growing our investor base from 20 people to 37.  Consequently our capitalization has more than doubled to $1,248,050.00.  We will offer shares throughout 2014 to achieve our goal of reaching capitalization of $2 Million by year end.  To accelerate market penetration and attract good quality deals from our growing base of referral sources we are experiencing some downward pressure on our interest rates however, increasing economy of scale is expected to offset this and sustain current profitability.

The board of directors has strengthened governance by adding Phil Otto and Audrey Wamboldt to our team bringing more expertise in credit adjudication, underwriting, public relations, marketing and expertise in good boardroom practices to aroi.  We are actively seeking new directors to bring property law and banking experience to our board.

Our recently hired business development lead will continue to improve aroi’s market presence through regular one on one contact with members of the Mortgage Broker community. We are closely monitoring the ever changing traditional lender landscape that may lead to longer exit strategies for our mortgage clients. Given the strong first quarter in this fiscal year dividends are expected, once again, to exceed 10%.

In closing I invite you to attend our Annual General Meeting on July 7, 2014 at 4:30pm to mingle, with the meeting starting at 5:00pm.  Please RSVP with Catherine Balsor at 902-681-1100 ext 102 or

Thank you,

Thomas Busch

Aroi Mortgage Investment Corporation Inc.

March 2013 was a great year

July 9, 2013

RE: Results for the year ending March 31, 2013:

Dear Investor,

Aroi Mortgage Investment Corp. Inc. is pleased to report an annual dividend of $52,153 (10% of equity) and net income of $57,894 (11.1% of equity). This resulted from revenue of $112,000 on $521,520 of invested capital.

These returns were generated by an average capital deployment ratio of 69%, which has already risen beyond 90% for the first quarter of our current year.

Loan to value, an important measure of safety in Mortgage lending, was 67% and considerably safer than our target of 75%. This means that if all mortgages in our portfolio went into default we would have to sell the properties, securing the debts, for less than 70 percent of their appraised value before experiencing any loss of Mortgage Principal.

Going forward into 2014 Management’s objectives are as follow:

– Grow equity to $1 million by raising $500,000 of new investment.

– Exceed a capital deployment ratio of 85%

– Smooth capital deployment ratios by accepting short term investment throughout the fiscal year in the form of notes, which are repaid upon issuing new shares.

Management is very pleased with performance year to date and expects the March 31, 2014 dividend to reach 12% of equity

We love what we do and look forward to sharing with you, in further detail, the inner workings of your investment. Please call us anytime to discuss or to schedule a visit.

Please join us for our AGM at 5:30pm, August 20, 2013 at 115 Coldbrook Village Park Drive, Coldbrook, NS.  Your RSVP by August 10th is appreciated.


Yours Truly,


Tom Busch

Matthew Hennigar
Vice President