2nd QTR 2020 earnings release -Toronto, Ontario - August 12, 2020. MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported solid net income of $7.8 million ($0.32 earnings per share) for the second quarter ended June 30, 2020. For the same period in the prior year, net income was $8.9 million ($0.37 earnings per share). For the six months ended June 30, 2020, MCAN reported a net loss of $1.9 million ($0.08 loss per share), compared to net income of $23.2 million ($0.97 earnings per share) in the prior year. In 2020, we recorded a $14.3 million net loss on securities as a result of general market declines related to the pandemic. The Board of Directors (the "Board") declared a third quarter dividend of $0.34 per share on August 12, 2020 to be paid September 30, 2020 to shareholders of record as of September 15, 2020.