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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 Strohs16on Jun 12, 2021 9:33am
120 Views
Post# 33377502

RE:RE:RE:RE:RE:RE:RE:RE:News release

RE:RE:RE:RE:RE:RE:RE:RE:News releaseI agree with many of the things you said:

(a) I sold some positions so I had cash in my account for the assumption I would get all shares I subscribed for, clearly, I will be lucky to get just what I requested based on the rights I had, so, I had to sell things that really I didn't have to sell.
(b) As of this morning, my rights are still sitting in the accounts, and, I still haven't seen a transaction of me exercising the rights, so, my cash balance is unchanged, and, share count unchanged.
(c) some type of pro-rata allocation certainly makes sense.
(e) I also wish the transactions would follow the timelines as stated in the press release, I'm beginning to wonder if something has happened and my rights weren't exercised even though I called the broker directly and waited while he did the transactions in each of my accounts.
(f) this also has been a learning experience for me, think this is the first time I've bothered to exercise rights, seems like a good deal to get a $2 discount on this stock.

glta


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