Amur Capital Conservative Income Fund Inc.
Managed by Amur Financial Group
Data as of: March 31, 2026 · View latest fund facts
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
Currently closed to new investors
This fund is currently not available to new investors.
AUM
$219M CAD
2025 return
9.1%
LTV
43%
Management fee
1.5%
About Amur Capital Conservative Income Fund Inc.
Amur Capital Conservative Income Fund Inc. (ACCIF) is a residential mortgage investment corporation established in 2009. The fund invests in private residential first mortgages sourced from affiliated originators Alpine Credits and Sequence Capital, primarily targeting borrowers outside conventional lending criteria. ACCIF reported AUM of approximately $219 million and a 2025 net return of 9.1%. Note: as of Q1 2026, the fund is closed to new subscriptions.
The fund reports approximately $219M CAD in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
The latest annual return declined from 10.75% in 2024 to 9.1% in 2025.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across BC, Ontario and Alberta.
At a glance
| Assets under management (AUM) | $219M CAD |
| 2025 return | 9.1% |
| Overall LTV | 43% |
| First mortgages (as a % of the portfolio) | 75.6% |
| Property focus | Residential (98%) / Commercial (2%) |
| Structure | Private Corporation (MIC) |
| Investor access | Closed to new investors |
Amur Capital Conservative Income Fund Inc. portfolio and performance
The portfolio is composed of residential mortgages (98%) and commercial mortgages (2%).
| Property Type | Share (%) |
| Residential | 98% |
| Commercial | 2% |
Amur Capital Conservative Income Fund Inc. has a focus on BC, with 53% of its mortgages located in BC, followed by Ontario (35%), Alberta (12%).
| Province/Region | Share (%) |
| Ontario | 35% |
| BC | 53% |
| Alberta | 12% |
Amur Capital Conservative Income Fund Inc. returns
| Calendar year | Net return |
| 2023 | 8.29% |
| 2024 | 10.75% |
| 2025 | 9.1% |
Return objective (2026)
Amur Capital Conservative Income Fund Inc. has a target return of 8% for 2026.
Amur Capital Conservative Income Fund Inc. facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Amur Financial Group |
| Series | Class A, Class B |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 75.6% |
| Overall LTV | 43% |
| Property focus | Residential |
| Leverage | Yes, the fund uses leverage. This means the fund borrows additional money and combines it with investor capital to fund more mortgages. Leverage can increase returns when the portfolio performs well, but it also adds interest costs and can magnify losses. |
Fees
| Management fee | 1.5% |
| Performance fee | No |
Additional fund details
The Amur Capital Conservative Income Fund is currently closed to new subscriptions and is not accepting additional investments. Class B includes a 1% trailer fee.
About Amur Financial Group
Amur Capital Management Corporation is a Surrey, BC–based exempt market dealer — registered in British Columbia, Alberta, Manitoba, Saskatchewan and Nova Scotia — and the investor-facing arm of Amur Financial Group (AFG), a vertically integrated alternative mortgage lender operating since 1969. AFG manages three residential mortgage investment corporations: the Income Fund (established 1984), the Conservative Income Fund (2009) and the High Yield Fund (2017), with roughly $1.36 billion in combined assets as of Q1 2026. The funds lend to Canadian borrowers who fall outside the conventional banking system, sourcing deal flow exclusively from affiliated originators Alpine Credits and Sequence Capital, and use bank credit facilities to modestly leverage their portfolios. All three funds are currently closed to new subscriptions.
Compare other funds by Amur Financial Group
Amur Financial Group manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| Amur Capital High Yield Fund Inc. (“ACHYF”) | Residential mortgages | $45M CAD | Learn More |
| Amur Capital Income Fund | Residential mortgages | $1.1B CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 43%.
The fund is managed by Amur Financial Group.
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