MCAN Mortgage Corporation Provides Covid-19 Update and Announces Executive Departure

Toronto, Ontario – April 13, 2020.  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 to proactively manage our business, liquidity, portfolio and investments.  While the duration and scope of the COVID-19 pandemic is unknown and evolving, we believe that we are well positioned to address challenges and opportunities as they arise in these uncertain times.

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