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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 Mar 11, 2022 1:43pm
178 Views
Post# 34507323

RE:RE:RE:Special Dividend

RE:RE:RE:Special Dividend I agree about DRIPs...it seemed like a good idea when I was younger - future dividends purchases fractional shares at a slight discount and you can 'forget about it'. This would work well for Canadian Banks but similar to you, I prefer being able to make adjustments to my investments in my Self-Directed accounts. 

I assume that the 'share buyback' you mention being done in conjunction with DRIPs is that it's a way to mitigate the dilution that takes place with every dividend payment. Recent increased buybacks to me may be linked to the pandemic and the fact (for banks, for example) some companies could not increase dividend payments but wanted to somehow 'reward' shareholders. 

Anyway, no Dripping for me. I prefer keeping everything at one Financial Institution and that I have full control over it and know full well what is the value of my account.
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