Stock market symbol TSX: MKP TORONTO, Aug. 11, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported earnings today for the second quarter of 2016.  Net income of $13.6 million increased by 14% from Q2 2015 and earnings per share of $0.59 increased by 5% from Q2 2015.    Highlights Net Income Q2… [Read More]

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 29, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN”) (TSX:MKP) today announced that MCAP Corporation (“MCAP”) has withdrawn its previously announced initial public offering of common shares (“Common Shares”) at this time due to current adverse market conditions. In connection therewith,… [Read More]

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, May 26, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN”) (TSX:MKP) today announced that MCAP Corporation (“MCAP”) has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada with respect to a proposed initial public offering… [Read More]

Stock market symbol TSX: MKP TORONTO, May 12, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN” or the “Company”) today announced the final director election results from MCAN’s 2016 Annual General Meeting of Shareholders held in Toronto, Ontario on May 11, 2016. By a vote of show of hands, the director nominees listed in the table below… [Read More]

Stock market symbol TSX: MKP TORONTO, May 11, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported strong earnings today for the first quarter of 2016.  Highlights Net Income Net income was $7.8 million in Q1 2016, an increase of $3.5 million (81%) from $4.3 million in Q1 2015 due to a 79%… [Read More]

Stock market symbol TSX: MKP TORONTO, Feb. 26, 2016 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported strong earnings today for both the fourth quarter and fiscal year of 2015.  Highlights Q4 Net Income Net income was $9.5 million in Q4 2015, up 33% from $7.1 million in Q4 2014 due to higher… [Read More]

Stock market symbol TSX: MKP TORONTO, Nov. 5, 2015 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported strong third quarter 2015 earnings today.  Q3 2015 Operating Results Net income for the third quarter of 2015 was $7.2 million, up 48% from $4.9 million in the prior year, while earnings per share increased… [Read More]

Stock market symbol TSX: MKP TORONTO, Aug. 12, 2015 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported second quarter 2015 earnings today.  Q2 2015 highlights are as follows: Second quarter net income of $11.9 million ($0.56 per share) increased 96% from $6.1 million ($0.30 per share) in the prior year. Return on average… [Read More]

Stock market symbol TSX: MKP TORONTO, July 13, 2015 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) today announced the successful closing of the previously announced rights offering (the “Offering”), which expired at 4:00 pm on July 10, 2015.  The Offering raised gross proceeds of $15.3 million with 1,406,084 new Common Shares issued…. [Read More]

TSX: MKP TORONTO, June 16, 2015 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) announced today that it anticipates net income for the second quarter of 2015 to increase substantively from the first quarter of 2015.  With the recently announced rights offering scheduled to close on July 10, 2015, MCAN believed that a general… [Read More]

Stock market symbolTSX: MKP TORONTO, June 3, 2015 /CNW/ – MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) announced today that the Company has filed a circular in respect of a rights offering (the “Offering”) to raise maximum proceeds of $15,326,315.60. The Company has received final approval from its principal regulator, the Ontario Securities Commission…. [Read More]

Stock market symbol TSX: MKP TORONTO, May 7, 2015 /CNW/ – MCAN Mortgage Corporation (“MCAN” or the “Company”) today announced the final director election results from MCAN’s 2015 Annual and Special Meeting of Shareholders held in Toronto, Ontario on May 6, 2015. By a vote of show of hands the director nominees listed in the table… [Read More]