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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

Bullboard Posts
Comment by Bibizbuzon Nov 06, 2019 10:11am
142 Views
Post# 30315230

RE:RE:RE:???

RE:RE:RE:???
Owned MKP for a LONG time. A little set back about 1 year ago, but things seem to have settled down a bit and they have a new CEO and CFO in place. Insiders have been buying which is something that I watch very carefully. If they are buying, I am buying. I am happy with the current yield. The BOC considered a rate decrease as insurance, but decided to keep it steady for now. I don't see them increasing the rate anytime soon which should bode well for all the REITS.
Lets see what the earnings reveal.
Bullboard Posts