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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

Comment by Bibizbuzon May 06, 2021 9:44am
105 Views
Post# 33139703

RE:New Rights Offering

RE:New Rights OfferingI recall taking advantage of the last rights offering that you referred to. However, I also remember the stock price dropping below the rights offering price of $10.70,  a few weeks later.
It all worked out in the end and like you, I plan on taking advantage of the offering if the price holds up till June 10th.

I am expecting a good earnings report next week and I also plan to attend the virtual shareholder meeting to hear from the management.
Good luck to all!

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