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.

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MCAN Mortgage Corp > ACB treatment of the Special dividend

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Comment by kraftdinneron Apr 11, 2022 11:29pm

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Post# 34595845

RE:RE:RE:RE:RE:RE:ACB treatment of the Special dividend

Today I recieved $8.25, the activity page of the brokers websites designates the action as CIL.
This is how I recorded the special dividend in case I am ever questioned about things,

Mcan Mortgage Corporation						Acquisitions					Disposition
Date	1 USD-->Cad	$US Cost	US Tax	$US Outlays	Account	Numbers	Cost	Outlays	Total ACB	ACB/Share	Number	Proceeds	ACB	Outlays	Gain/Loss	Total
Carried forward (0)					TD Cash	0	$-	$-	$-	0.000000
July 23, 2021					TD Cash	1000	$17,210.00	$9.99	$17,219.99
February 25, 2022					TD Cash	1000	$18,210.00	$9.99	$18,219.99
April 4, 2022					TD Cash	102	$1,940.00	$-	$1,940.00	Special stock dividend
April 11, 2022					TD Cash	0	$-	-$8.25	-$8.25	Special stock dividend cash in lieu of fractional shares
-					TD	0	$-	$-	$-
-					TD	0	$-	$-	$-
-					TD	0	$-	$-	$-
-					TD	0	$-	$-	$-
Total						2102	$37,360.00	$11.73	$37,371.73	$17.7791
-					TD						0	$-	$-	$-	0.00
											0	$-	$-	$-	0.00	0.00