2010 Press Releases
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| Date |
Headline |
Abstract |
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2/16/2010
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PRESS RELEASE
FOR IMMEDIATE RELEASE
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Toronto, Ontario – February 16, 2010. MCAN Mortgage Corporation (“MCAN” or
the “Company”) announced today that Blaine Welch has informed the Board of his
decision to resign as President and Chief Executive Officer and as director of the
Company, for personal reasons, effective February 26, 2010.
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2/12/2010
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MCAN MORTGAGE CORPORATION REPORTS FOURTH QUARTER EARNINGS
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Toronto, Ontario – February 12, 2010. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”)
reported net income of $6.1 million for the fourth quarter of 2009, down from $9.9 million a year earlier.
Earnings per share for the quarter were $0.43 compared to $0.70 last year. The decrease is primarily due to a
one-time gain on the sale of mortgages in the prior year and a significant increase to an existing specific
mortgage provision in the current year.
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Press releases for 2006 and prior years may be found on SEDAR at www.sedar.com or may be obtained by contacting us at mcanexecutive@mcanmortgage.com.
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