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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.


TSX:MKP - Post by User

Post by JayBankson May 26, 2022 8:18pm
734 Views
Post# 34710793

Back on the LSERM

Back on the LSERMLast quarter I mentioned we were removed as a security that offered 70% margin capability... I've just viewed the current quarter list that came out beginning of the month and went into effect today, we are back on the list.

This only really effects holders/buyers that hold MKP in a taxable account but it is rather positive news for the stock that really shouldn't move the needle much but it makes it a little more attractive.

Figured it's a decent note for those interested.
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