MCAN Mortgage Corp T.MKP

Alternate Symbol(s): MAMTF

Consumer Cyclical Advertising Agencies

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

MCAN Mortgage Corp > News release

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Comment by wildrunner11on Jun 11, 2021 10:23am

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Post# 33371674

RE:RE:RE:News release

So, I have the basic shares in my account on the rights but no additional shares. I think the over subscribed relates to the entire shares offered. So, the right offering was up to 1,306k shares so that would be 3,865k share were subscribed. So, subtracting basic subscription that would be 2,674k of additional share requested.

so only 4.3% of the Add shares will be filled (114.9k / 2,674k).

sorry Jaybanks, I think it will just be a pro-rata distribution. The method you described would be fairly complex and as mentioned not favourable to the institutional investor.

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