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mcan mortgage corporation
Information by Research TrustFinance
MCAN Financial Group, formerly known as MCAN Mortgage Corporation, is a federally regulated loan and mortgage investment corporation established in 1991. As a public company listed on the Toronto Stock Exchange (TSX: MKP), MCAN's primary objective is to generate a reliable stream of income for its shareholders by investing in a portfolio of Canadian mortgages, including single-family residential, residential construction, non-residential construction, and commercial loans, as well as other types of real estate investments. The company operates as a flow-through entity, distributing its net income and capital gains to shareholders, which makes it a popular choice for income-focused investors.
Canada
Industry
Financial