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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

Post by Footlong1on Mar 19, 2024 1:40pm
274 Views
Post# 35941048

OMO

OMO I don't get it. Why would management change their strategy for raising money? The previous capital injections were done by a way of rights offerings to current shareholders and they were always oversubscribed. It was a way of rewarding existing shareholders and allowed them to participate in the share dilution so they remain whole. I wonder if the new management has a cozy relationship with the underwriters and wanted to pay them fees,  or perhaps some of the large institutional shareholders want a bigger piece of the pie and this was a cheap, easy way to get it. Either way, a greasy move. 
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