Press Releases

MCAN Mortgage Corporation Announces Third Quarter Earnings

11/10/2017 – PDF

Toronto, Ontario – November 10, 2017. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported Q3 2017 net income of $9.9 million, up from $9.8 million in Q3 2016. Earnings per share decreased to $0.42 in Q3 2017 from $0.43 in Q3 2016.

MCAN Mortgage Corporation Announces 15.6% Increase in Quarterly Dividend

10/13/2017 – PDF

Toronto, Ontario – October 13, 2017. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) announced today that it has declared a dividend of $0.37 per share payable on January 2, 2018 to common shareholders of record as of December 15, 2017. This declared dividend represents an increase of $0.05 per share from the prior quarterly rate and is the fourth dividend increase in three years.

MCAN Mortgage Corporation’s Wholly Owned Subsidiary Changes Its Name to XMC Mortgage Corporation

09/1/2017 – PDF

Toronto, Ontario - September 1, 2017. MCAN Mortgage Corporation (“MCAN”) today announced that Xceed Mortgage Corporation (in French, Corporation Hypothécaire Xceed), a wholly owned subsidiary of MCAN, will change its name to XMC Mortgage Corporation (in French, Corporation Hypothécaire XMC), effective September 1, 2017.

MCAN Announces Second Quarter Earnings and Third Quarter Dividend of $0.32 per share

08/11/2017 – PDF

Toronto, Ontario – August 11, 2017. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported Q2 2017 net income of $8.9 million, down from $13.6 million in Q2 2016. Earnings per share decreased to $0.39 in Q2 2017 from $0.59 in Q2 2016.

MCAN Mortgage Corporation Announces Final Voting Results

05/10/2017 – PDF

Toronto, Ontario - May 10, 2017. MCAN Mortgage Corporation (“MCAN” or the “Company”) today announced the final director election results from MCAN’s 2017 Annual and Special Meeting of Shareholders held in Toronto, Ontario, on May 9, 2017.

MCAN Announces 32% Increase in Q1 Earnings and 7% Increase to Quarterly Dividend

05/9/2017 – PDF

Toronto, Ontario – May 9, 2017. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported a 32% increase in Q1 2017 net income of $10.3 million, up from $7.8 million in Q1 2016. Earnings per share increased 29% to $0.44 in Q1 2017 from $0.34 in Q1 2016.

MCAN Mortgage Corporation Announces Fourth Quarter Earnings and Record Annual Net Income

02/24/2017 – PDF

Toronto, Ontario – February 24, 2017. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) announced Q4 2016 net income of $9.0 million ($0.39 per share) compared to $9.5 million ($0.42 per share) in Q4 2015. We also announced record net income for the second consecutive year of $40.2 million in fiscal 2016, up 22% from $32.9 million in 2015.