Dear Investors and Stakeholders,

Benson Capital is a MIC on the rise – with a strong foundation in place and a clear strategy focused on our clients, as well as a track record for delivering through growth and sustainability.

I am pleased to celebrate another milestone year at Benson. In 2024, we achieved our highest rate of return since our inception, delivering an impressive 9.5% dividend return to our valued investors. This achievement underscores our commitment to excellence and our unwavering dedication to generating sustainable growth in the Canadian mortgage market. Throughout the year, we have navigated the dynamic economic landscape with resilience and agility. Our strategic focus on Canadian mortgages has allowed us to capitalize on opportunities while effectively mitigating the risks.

Looking ahead to the future, we are optimistic about the opportunities that lie ahead in the Canadian real estate market. Our robust pipeline of investments and disciplined approach to underwriting positions us well to continue delivering value and capitalizing on market trends. I extend my heartfelt gratitude to our investors for their continued trust and confidence. As we embark on the next chapter of our journey, we are committed to building on our achievements and exploring new avenues for growth. Together, we will navigate the opportunities and challenges of the future, striving to exceed expectations and deliver superior returns. I thank you for your ongoing support.

Sincerely.

Bogdan Muzychka | MANAGING PARTNER