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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

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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 > Preliminary Base Shelf Prospectus for $400 M. in Securities
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Comment by Bibizbuzon Sep 01, 2021 7:17pm
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Post# 33798928

RE:RE:RE:RE:RE:Preliminary Base Shelf Prospectus for $400 M. in Securities

RE:RE:RE:RE:RE:Preliminary Base Shelf Prospectus for $400 M. in SecuritiesDeposits at Mcan are 100% protected by CDIC -Canada Deposit Insurance Corporation.

Here is a link that addresses the restrictions placed on Federally regulated deposit taking institutions during the pandemic.
https://www.osfi-bsif.gc.ca/Eng/fi-if/dti-id/Pages/DTIFAQ_Cov.aspx

 I have sent an email to Mcan executive asking them if they come under this restriction. I will post a reply when I get it.


All good questions and discussions on this board. Thanks for the contributions...


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