MCAN Mortgage Corp T.MKP

Alternate Symbol(s): MAMTF

Consumer Cyclical Advertising Agencies

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 > Q2 2024 results

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Comment by theinvestor22on Aug 13, 2024 10:04am

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RE:Q2 2024 results

I should have said the company is one of the best investments amongst the high yield companies on the TSX. I'm sure their are lots of no or low yield companies with great capital gains potential but, for those seeking income, this is hard to beat.

theinvestor22 wrote: A nice continuation of upwardly trending results. This investment, with its 9+% yield, occasional special share distribution and retention of say 30% of earnings for future growth, is one of the best ones on the TSX. Continuing kudos to MCAN!

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