Sagen MI Canada Inc T.MIC

Primary Symbol: T.MIC.PR.A Alternate Symbol(s): SGMCF

Sagen MI Canada Inc. is a Canada-based company, operating through its wholly owned subsidiary, Sagen Mortgage Insurance Company Canada, doing business as Sagen, which is a residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership accessible to first-time homebuyers. It has built a broad underwriting and distribution platform that provides customer-focused products and support services to Canada’s residential mortgage lenders and originators. The Company underwrites mortgage insurance for residential properties in all provinces and territories of Canada and has the market share among private sector mortgage insurers. Its products and services include Homebuyer 95 Program, New to Canada Program, Investment Property Program, Family Plan Program, Second Mortgage Program, Progress Advance Program, Energy Efficient Housing Program and Purchase Plus Improvements Program.

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Sagen MI Canada Inc > Buyout

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Post by shawshank2on Oct 26, 2020 8:50am

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Post# 31780366

Buyout

What a crock. I always figured brookfield would buyout but never thought they would screw over other shareholders so much. 20% premium is laughable mic is taking a huge portion of cmhc market share and is a cash cow. This is probably why the sp never gained any traction since the crash. Probably why they said no special divys. Saving all the cash for brookfiled lol.

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What is the gold outlook for the rest of 2024?