To our valued Investors,

As we are all making adjustments to the new realities in our lives due to COVID-19, we want to communicate to you that we will continue to provide services to our investors.

We have had inquiries from investors with questions about how the fall in the equity markets is affecting their investments with CCMBC Investments. We would like to assure you that your investments continue to pay interest and dividends as outlined in the Offering Memorandum (OM). Currently the interest rate on the Notes is 2.9%. This is subject to change on July 1 and January 1 of each year based on the Bank of Canada Overnight Rate at that time. The Preferred Shares dividend rate remains constant at 1%.

Also, as noted in the OM, your investments are used to provide mortgage loans to MB churches, other MB entities, and MB pastors. Any excess funds are invested in a diversified portfolio that is focused on capital preservation. At this time, the portfolio is not exposed to the public equity markets. Currently, approximately 60% of CCMBC Investment Ltd’s assets are held in MB mortgages.

As you could expect, some churches may need to defer payments for a short time as their donations come in at a slower rate. The loans are still earning interest and we expect to collect full payments at a later date.

In an effort to practice social distancing, while balancing service to you with the self-care of our employees, we are providing opportunities for our staff to work from home or alternate days in the office. While we focus on meeting your needs, we ask for your grace and patience as our response times may be longer than you have experienced in the past.

We continue to thank you for your investment in ministry by supporting the work of the churches through the funding of mortgages.


Blessings and peace to you,

Bertha Dyck, Chief Financial Officer

Jim Davidson, Chief Executive Officer