MCAN Mortgage Corporation (“MCAN”, “the Company” or “we”) is a public company listed on the TSX under the symbol MKP since 1991. Our primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages. We issue term deposits eligible for deposit insurance from the Canada Deposit Insurance Corporation to lever our capital base to invest in Canadian mortgages.
Our objective is to generate stable earnings by investing our funds in a portfolio of mortgages focused on single-family residential and residential construction loans, as well as other types of loans and investments, real estate and securitization investments.
MCAN’s wholly-owned subsidiary, XMC Mortgage Corporation (“XMC”) (formerly Xceed Mortgage Corporation), is an originator of residential first-charge mortgage products across Canada.