Return on Innovation (ROI) Advisors Ltd., portfolio manager for the ROI Fund, have announced its first investment; a $1.53 million investment in Morrison Financial Services Limited (Morrison Financial), one of the leading asset-based financing companies in Toronto. The structure of the investment is a five-year subordinated debenture with an interest obligation paid monthly to the ROI Fund.
Morrison Financial was founded in 1987 to provide asset-based financing to small- and medium-sized companies (SMEs), focusing on accounts receivable factoring and syndicated term loan management.
The ROI Fund seeks to invest in mature, stable businesses that generate positive cash flow.
"Core to the ROI Fund investment mandate is capital preservation and yield. This investment in Morrison Financial is perfectly aligned with our investment objectives, and we are proud to make Morrison Financial the first investment of the ROI Fund," said John Sterling, ROI Fund CEO.
