Harbour Park Capital Partners Ltd has come about due to a change in governmental regulations in British Columbia Instituted by the British Columbia Securities Commissions. That change dictated that all securities have to now be sold via an exempt market dealer and their licensed dealing representatives. Prior to February 2019, organizations such as the Tri City Group were allowed to sell their securities directly to the public by using an offering memorandum. It is this change that brought about the creation of Harbour Park Capital Partners Ltd.
Hence our flagship product, the Tri City Group Monthly Income Mortgage Trust. While many stockbrokers and investment advisers will tell you they are looking after your best interests, the Monthly Income Mortgage Trust is run by the Goodman family and it is their idea of how to best look after their money, their friends’ and their families, that is at its core.
An Exempt Security means it’s exempt from issuing a prospectus which are very expensive documents to produce and are required by all public companies that care to list on the stock exchange. Other organizers of investments can issue a simpler form of disclosure document that is called an offering memorandum. And since it is exempt from issuing a prospectus, it is called exempt.
Thus, there are two ways for a firm to sell a security: either by prospectus, or via offering memorandum. Both are different ways of providing transparency for investors about the management, strategy, and structure of a securities offering. The prospectus is reviewed by the securities commission, while the offering memorandum is required to be true, and plain disclosure of the business venture but is not vetted. However, both require audits. Hence, Harbour Park Capital Partners Ltd is an exempt market dealership because we specialize in selling securities products that use an offering memorandum rather than a prospectus.