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What We Do
Temperance is a Toronto based fund that makes Preferred Royalty Capital Investments in small and medium sized companies that have a proven history of sustainable cash flows and stable operations. Our investments loans include a royalty overlay that allows us to participate in the growth of the company while protecting our downside through a debt-based investment. Temperance provides investors with access to an industry leading team with a mandate to provide superior returns from a diversified portfolio of investments in established and successful mid-market businesses. With an abundance of high quality companies seeking capital, Temperance provides our investors with stable income and royalty upside in a unique asset class.
Alex has over 25 years of professional experience in investment banking, research, acquisitions, operations, consulting and entrepreneurship. A top ranked research analyst and investment banker with 14 years of experience, as well as 6 years of operating experience as both a senior executive and founding CEO and entrepreneur.
Michael has 20 years of experience as an investment banker to growth companies, advising them on equity and debt placements, and strategic acquisitions and divestitures. He has been a Senior Investment Banker with Mackie Research Capital, Westwind Partners and Yorkton Securities. His impressive portfolio includes 86 lead managed equity offerings for 56 companies, including 8 IPO’s which collectively raised $1.5 billion. He was also the past Chair of Ottowa based BioteCanada, Canada’s national association of biotechnology companies.
Roberts experience includes 30 years of banking, investment management, investment banking, M&A, and corporate management. He spent 14 years as an investment banker at BMO Nesbitt Burns, National Bank Financial, Yorkton Securities, and Mackie Research Capital, as well as 5 years as a Senior Investment Manager at Working Ventures Canadian fund. He has 6 years of commercial banking experience including corporate advisory experience with Aliant Telecom, Mosaid Technologies, and Asia Bio-Chem Group.
Independent Director, CFA, P.Eng.
Tom brings 20+ years of equity research and investment experience to Temperance, from firms including Difference Capital, Merril Lynch, and National Bank. This includes experience in equity research and has been a top ranked analyst (Brendan Woods) for most of his career. Tom is the Chief Financial Officer of Difference Capital Management. Prior to joining Difference Capital, Tom ran research departments for 6 years at independent dealers which were recognized in several awards for stock picking ability. As a technology analyst, Tom has lead top ranked teams at major firms including Merrill Lynch and National Bank Financial. At Merrill Lynch, he led a global team that spanned three continents. Tom has covered many Canadian and US technology stocks over his career and presided over several of the key cycles the sector has seen. He holds both a CFA and P.Eng. designation.
Roger Dent is a Chief Executive Officer and a Director of Quinsam Capital Corporation, a public company. He is also a Director of AcuityAds Holdings Inc., Omni-Lite Industries Canada Inc., Quinsam Opportunities Inc., The Tinley Beverage Company Inc., and California Nanotechnologies Corp. He was a former Managing Director and Deputy Manager of Research at CIBC World Markets. He has a Master of Business Administration from Harvard Business School and a Bachelor of Commerce from Queen’s University.
Temperance Capital Income Trust Continues to Lead the Industry in Responsible Corporate GovernanceMay 1, 2018
TORONTO, May 1, 2018 – Temperance Capital Income Trust is pleased to announce that it is launching an updated version of its Offering Memorandum (OM) that includes refinements to it’s industry leading corporate governance.
Announcement: Increase in Distribution Rate to 8.65%February 13, 2018
TORONTO, February 13, 2018 – Temperance Capital Income Trust is pleased to announce that there will be an increase in the distribution for the preferred A unit of the trust sold prior to January 1, 2017 from 8.5% to 8.65%. This increase in distribution is in accordance with the Growth Interest Rate as described in the Offering Memorandum dated May 19, 2017.
December 2017 Quarterly DistributionJanuary 8, 2018
TORONTO, January 8, 2018 – Temperance Capital Income Trust is pleased to announce its December quarterly distribution $0.2125 per preferred A unit of the trust. On an annual basis, this distribution represents an 8.5% return to the preferred A unit holders who purchased prior to September 1, 2017 and 8.25% to the preferred A unit holders who purchased after September 1, 2017.
September 2017 Quarterly DistributionOctober 4, 2017
TORONTO, October 4, 2017 – Temperance Capital Income Trust is pleased to announce its September quarterly distribution $0.2125 per preferred A unit of the trust. On an annual basis, this distribution represents an 8.5% return to the preferred A unit holders who purchased prior to September 1, 2017 and 8.25% to the preferred A unit holders who purchased after September 1, 2017.
2017 PCMA Innovative Private Offering AwardApril 20, 2017
March 2017 Quarterly DistributionApril 5, 2017
TORONTO, April 5, 2017 – Temperance Capital Income Trust is pleased to announce its March quarterly distribution $0.2125 per preferred A unit of the trust. On an annual basis, this distribution represents an 8.5% return to the preferred A unit holders.
December 2016 Quarterly DistributionJanuary 4, 2017
TORONTO, January 4, 2017 – Temperance Capital Income Trust (the “Trust”) is pleased to announce it’s December quarterly distribution to holders of preferred A units (each a “Unit”) of the Trust. The distribution represents $0.2125 per Unit in either Canadian or US currency depending on the respective Canadian or US dollar Unit held. On an annual basis, this distribution represents 8.5% return to the preferred A unit holders of the Trust.
Announcement: Closing of US$20 million Private Equity FacilityOctober 18, 2016
TORONTO, October 18, 2016 – Temperance Investment Corp. is pleased to announce the closing of the first tranche of up to US$20 million investment in a US private equity fund. Through this facility, Temperance Investment Corp. is providing long-term capital for the purposes of funding an existing portfolio of investments in the US. “We are pleased to have established this facility which provides our partner fund with permanent capital to finance its growing US portfolio. For Temperance, this transaction provides immediate cash flow from an established and diversified portfolio of companies,” said Robert Wilson, President of Temperance.