Company Info
MCAN Mortgage Corporation (TSX: MKP) is a Canadian public company focused on investing in residential and commercial mortgages, as well as other real estate-related investments. Established in 1991 and headquartered in Toronto, Ontario, MCAN is a Mortgage Investment Corporation (MIC) under the Canadian Income Tax Act. This status allows it to distribute the majority of its taxable income to shareholders in the form of dividends, which are generally taxed more favorably than regular income. MCAN's business model includes the acquisition and management of a diverse portfolio of mortgage and other real estate assets, providing consistent returns to investors while maintaining a strong focus on risk management and regulatory compliance. Additionally, MCAN is involved in the securitization of insured mortgages through the National Housing Act Mortgage-Backed Securities (NHA MBS) program.