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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 ChamBidon May 12, 2021 2:36pm
127 Views
Post# 33184171

RE:RE:Has Anyone Received Their Rights Yet?

RE:RE:Has Anyone Received Their Rights Yet?Thanks for that information JayBanks!

So I guess these Rights are being treated like a trade whereas there's a 2-day settlement period?

Similar to you, I do not have anything showing in my accounts (Disnat - Desjardins).

Yes, I would assume you need to make a call quickly if you wish to exercise them and moreover if you wish to attempt getting your hands on the over-allotment\rights that you wish to purchase. 

As I hold MKP in my LIRA account I'll have to wait until more dividends roll in over the next couple weeks but do plan on calling in early June to get this deal done. I'll be trying to purchase quite a few more at the $15.65 strike price! (I wonder how many individuals may try and sell them the next day for close to a 14% gain!)
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