NB Capital Corporation

Type: Public

So you want to invest in Canada, eh? NB Capital provides US investors the chance to invest in Canadian residential mortgages and other real estate assets. The real estate investment trust (REIT), a wholly owned subsidiary of the National Bank of Canada, obtains, funds, and services home mortgage real estate assets. These assets are made up of more than 50 loan pools issued to the company by National Bank of Canada's subsidiary, NB Finance. The REIT buys loans from its parent and from third parties. An aggregate of about 10,000 first mortgages secured by the Canada Mortgage and Housing Corporation (CMHC) make up NB Capital's asset pools.

Key numbers for fiscal year ending December, 2006:
Sales: $33.0M
One year growth: (6.5%)
Net income: $31.2M
Income growth: (6.4%)

Officers:
CFO: Jean Dagenais
Chairman and President: Donna Goral

Competitors:
Annaly Capital Management
Capstead Mortgage
Redwood Trust