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MCAN Mortgage Corporation (T:MKP)

Business Focus: Consumer Lending

Aug 24, 2021 10:45 am ET
MCAN Subsidiary XMC Mortgage Corporation Accepts Industry Award for Service Excellence
TORONTO, Aug. 24, 2021 /CNW/ - MCAN Mortgage Corporation is proud to announce that its wholly-owned subsidiary XMC Mortgage Corporation has been named as a winner in the 5-Star Mortgage Products Awards Alternative Lending category.  XMC is an originator of single-family residential mortgage solutions across Canada.
Aug 23, 2021 07:00 am ET
MCAN Mortgage Corporation Announces Filing of Final Base Shelf Prospectus for $400 Million in Securities
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
Aug 16, 2021 06:00 pm ET
MCAN Mortgage Corporation Announces Filing of Preliminary Base Shelf Prospectus for $400 Million in Securities
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
Aug 12, 2021 08:00 pm ET
MCAN Mortgage Corporation Announces Strong Q2 2021 Results and Declares $0.34 Cash Dividend Per Share
TORONTO, Aug. 12, 2021 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) reported net income of $19.4 million ($0.73 earnings per share) in the second quarter compared to net income of $7.8 million ($0.32 earnings per share) for the same period in the prior year. For the six months ended June 30, 2021, MCAN reported net income of $35.3 million ($1.38 earnings per share), compared to a net loss of $1.9 million ($0.08 loss per share) in the prior year.  Net income was 149% higher for the quarter and 1,925% year to date 2021 due to growth in our corporate and securiti
Jun 17, 2021 09:24 am ET
MCAN Mortgage Corporation Announces Insider Participation in Recently Completed Rights Offering
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
Jun 10, 2021 08:35 am ET
MCAN Mortgage Corporation Announces Closing of Rights Offering
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
May 12, 2021 10:19 am ET
MCAN Mortgage Corporation Announces Final Voting Results
TORONTO, May 12, 2021 /CNW/ - MCAN Mortgage Corporation ("MCAN" or the "Company") today announced the final director election results from MCAN's 2021 Annual and Special Meeting of Shareholders held on May 11, 2021.
May 11, 2021 07:30 am ET
MCAN Mortgage Corporation Announces Strong Q1 2021 Results and Declares $0.34 Cash Dividend Per Share
TORONTO, May 11, 2021 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) reported strong net income for the first quarter ended March 31, 2021 of $15.9 million ($0.64 earnings per share) compared to a net loss of $9.7 million ($0.40 loss per share) for the same period in the prior year.  Results for the first quarter of 2021 were impacted by an increase in fair value gains on our marketable securities, increased equity income from MCAP and growth in our core business compared to the first quarter of 2020.
May 05, 2021 08:16 am ET
MCAN Mortgage Corporation Announces $20 Million Rights Offering
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
Mar 30, 2021 05:40 pm ET
MCAN Mortgage Corporation Recognized for Gender Diversity
TORONTO, March 30, 2021 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) is pleased to announce it has earned a spot for the second year in a row, on the Globe and Mail's 2021 Report on Business Women Lead Here list, an annual editorial benchmark to identify best-in-class executive gender diversity in corporate Canada. At 60% female executives, including a female President & CEO, MCAN scored higher than last year and higher than the survey honouree average of 44%.
Feb 23, 2021 09:28 pm ET
MCAN Mortgage Corporation Announces Strong 2020 Results and Declares Regular $0.34 Cash Dividend per Share and a $0.85 Special Stock Dividend per Share
TORONTO, Feb. 23, 2021 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) reported higher net income for the fourth quarter ended December 31, 2020 of $22.1 million ($0.89 earnings per share) compared to $10.6 million ($0.44 earnings per share) for the same period in the prior year. For the twelve months ended December 31, 2020, MCAN reported net income of $42.9 million ($1.75 earnings per share), compared to net income of $48.3 million ($2.01 earnings per share) in the prior year.
Nov 09, 2020 06:15 am ET
MCAN Mortgage Corporation Announces Strong Q3 2020 Results and Declares Q4 2020 Dividend
TORONTO, Nov. 9, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) reported higher net income for the third quarter ended September 30, 2020 of $22.7 million ($0.92 earnings per share) compared to $14.6 million ($0.60 earnings per share) for the same period in the prior year. For the nine months ended September 30, 2020, MCAN reported net income of $20.8 million ($0.85 earnings per share), compared to net income of $37.7 million ($1.57 earnings per share) in the prior year.
Aug 12, 2020 07:33 pm ET
MCAN Mortgage Corporation Announces Q2 2020 Results and Declares Q3 2020 Dividend
TORONTO, Aug. 12, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) reported solid net income of $7.8 million ($0.32 earnings per share) for the second quarter ended June 30, 2020. For the same period in the prior year, net income was $8.9 million ($0.37 earnings per share). For the six months ended June 30, 2020, MCAN reported a net loss of $1.9 million ($0.08 loss per share), compared to net income of $23.2 million ($0.97 earnings per share) in the prior year. In 2020, we recorded a $14.3 million net loss on securities as a result of general market declines
May 19, 2020 08:30 am ET
MCAN Mortgage Corporation Announces the Appointment of a New CFO
TORONTO, May 19, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN" or the "Company") announces that Ms. Floriana Cipollone has been appointed as Vice President and Chief Financial Officer of MCAN.  Ms. Cipollone has 30 years of progressive business experience, including over 20 years as a senior finance executive for public companies.  She most recently served as the Chief Financial Officer of Plaza Retail REIT.  Ms. Cipollone is a CPA, CA and graduated from the University of Toronto.
May 13, 2020 11:45 am ET
MCAN Mortgage Corporation Announces Final Voting Results
TORONTO, May 13, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN" or the "Company") today announced the final director election results from MCAN's 2020 Annual General Meeting of Shareholders held on May 12, 2020.
May 12, 2020 09:00 am ET
MCAN Mortgage Corporation Announces Q1 2020 Results
TORONTO, May 12, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported a net loss of $9.7 million ($0.40 loss per share) for the first quarter ended March 31, 2020, a decrease of 168% from net income of $14.3 million ($0.60 earnings per share) in the first quarter of 2019. In the first quarter of 2020, we recorded a $15.7 million net loss on securities compared to an $8.0 million net gain on securities in the first quarter of 2019, due primarily to fair value changes in our real estate investment trust ("REIT") portfolio.  The net loss on securities in
May 05, 2020 05:30 pm ET
MCAN Mortgage Corporation to Report First Quarter 2020 Results
TORONTO, May 5, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) will report its financial results for the three months ended March 31, 2020 before the market opens on May 12, 2020.
Apr 13, 2020 06:13 pm ET
MCAN Mortgage Corporation Provides COVID-19 Update and Announces Executive Departure
TORONTO, April 13, 2020 /CNW/ - In response to the COVID-19 pandemic, MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: MKP) has successfully moved to an entirely remote operation with no business interruption.  MCAN is focused on the safety and well being of our team, customers and stakeholders.  We are also focused on ensuring that the quality of our work and our customer interactions continue in the new working environment.  We entered this pandemic with a strong team and financial position and we continue to maintain solid capital and liquidity in our business.  We continue
Feb 26, 2020 05:06 pm ET
MCAN Mortgage Corporation Announces Changes to Board of Directors
TORONTO, Feb. 26, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") announced today that Ian Sutherland will step down as Chair of the Board (the "Chair"), however will remain on the Board of Directors (the "Board") to facilitate Board renewal and transition.  Ian has held the position of Chair since 2010.  In previous years he has also served in various management and Board roles.  As a founding partner, Ian's leadership and guidance has advanced the Company's strategy and contributed to its success and growth over the past 30 years.
Feb 26, 2020 04:39 pm ET
MCAN Mortgage Corporation Announces Fourth Quarter and 2019 Results and Increase to Quarterly Dividend
TORONTO, Feb. 26, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported net income of $10.6 million ($0.44 per share) for the fourth quarter ended December 31, 2019, an increase of 197% from $3.5 million ($0.15 per share) in the fourth quarter of 2018. In the fourth quarter of 2019, we recorded a $2.1 million net gain on securities compared to a $4.2 million net loss on securities in the fourth quarter of 2018. Year to date, we reported net income of $48.3 million ($2.01 per share), an increase of 33% from $36.3 million ($1.54 per share) for the same pe
Nov 08, 2019 04:15 pm ET
MCAN Mortgage Corporation Announces Third Quarter Results for 2019
TORONTO, Nov. 8, 2019 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported net income of $14.6 million ($0.60 per share) for the third quarter ended September 30, 2019, an increase of 32% from $11.0 million ($0.47 per share) in the third quarter of 2018. In the third quarter of 2019, we recorded a $5.0 million net gain on securities compared to a $0.4 million net gain in the third quarter of 2018. Year to date, we reported net income of $37.7 million ($1.57 per share), an increase of 15% from $32.7 million ($1.39 per share) for the same period in 2018.
Aug 07, 2019 05:46 pm ET
MCAN Mortgage Corporation Announces Second Quarter Results for 2019
TORONTO, Aug. 7, 2019 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported net income of $8.9 million ($0.37 per share) for the second quarter ended June 30, 2019, a decrease of 20% from $11.1 million ($0.47 per share) in the second quarter of 2018.  In the second quarter of 2019, we recorded a $1.0 million net realized and unrealized loss on securities compared to a $3.3 million net realized and unrealized gain in the second quarter of 2018.  Year to date, we reported net income of $23.2 million ($0.97 per share), an increase of 7% from $21.7 million ($0.9
May 09, 2019 11:03 am ET
MCAN Mortgage Corporation Announces Final Voting Results
TORONTO, May 9, 2019 /CNW/ - MCAN Mortgage Corporation ("MCAN" or the "Company") (TSX: "MKP") today announced the final director election results from MCAN's 2019 Annual and Special Meeting of Shareholders held in Toronto, Ontario, on May 8, 2019.
May 08, 2019 08:30 am ET
MCAN Mortgage Corporation Announces Appointment of President and CEO
TORONTO, May 8, 2019 /CNW/ - The Board of Directors of MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") is pleased to announce the appointment of Karen Weaver as President and Chief Executive Officer. Ms. Weaver has been serving as Chief Executive Officer on an interim basis since October 2018.
May 07, 2019 07:47 pm ET
MCAN Mortgage Corporation Announces First Quarter Results for 2019
TORONTO, May 7, 2019 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") announced net income of $14.3 million ($0.60 per share) for the first quarter ended March 31, 2019, an increase of 35% from $10.6 million ($0.45 per share) in the first quarter of 2018.  Q1 2019 income included an $8.0 million unrealized gain on securities, which impacted earnings per share by $0.34. 
Feb 22, 2019 06:16 pm ET
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May 09, 2018 11:02 am ET
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Feb 23, 2018 08:41 pm ET
Oct 13, 2017 07:17 pm ET
May 10, 2017 11:31 am ET
Jan 16, 2017 10:53 am ET
MCAN Mortgage Corporation Opens the Market
TORONTO, Jan. 16, 2017 /CNW/ - Bill Jandrisits, President & Chief Executive Officer, MCAN Mortgage Corporation (MKP) joined Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group to open the market to celebrate 25 years listed on Toronto Stock Exchange. MCAN is a mortgage investment corporation that invests in a diversified portfolio of Canadian mortgages focused on single-family residential mortgages and residential construction loans, as well as other types of loans and investments, real estate and securitization investments. MCAN Mortgage Corporation commenced t
Aug 11, 2016 06:15 pm ET
Jun 29, 2016 07:21 pm ET
May 26, 2016 01:16 pm ET
May 26, 2016 12:47 pm ET
IIROC Trade Resumption - MKP
TORONTO, May 26, 2016 /CNW/ - Trading resumes in:
May 26, 2016 12:39 pm ET
IIROC Trading Halt - MKP
TORONTO, May 26, 2016 /CNW/ - The following issues have been halted by IIROC:
May 12, 2016 11:20 am ET
May 11, 2016 08:04 pm ET