Press Releases

11/4/2009 

MCAN MORTGAGE CORPORATION REPORTS THIRD QUARTER EARNINGS AND AN INCREASE IN THE QUARTERLY DIVIDEND

Toronto, Ontario – November 4, 2009. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported net income of $6.6 million for the third quarter of 2009, down from $10.4 million a year earlier. Earnings per share for the quarter were $0.46 compared to $0.73 last year. Net income for the nine months ended September 30, 2009 was $18.6 million, down from $20.4 million a year earlier, while earnings per share in the same period were $1.30 compared to $1.44 in 2008.

10/22/2009 

OSFI RELEASES DRAFT ADVISORY REGARDING THE IMPACT OF IFRS ON REGULATORY CAPITAL RATIOS

October 22, 2009 - MCAN Mortgage Corporation (“MCAN” or the “Company”) announced today that the Office of the Superintendent of Financial Institutions (“OSFI”) has released a draft Advisory (the “Draft Advisory”) regarding, among other things, the calculation of the regulatory capital ratios of OSFI-regulated entities resulting from the on-balance sheet treatment of assets and liabilities subject to securitization, as currently required by International Financial Reporting Standards (“IFRS”). The Draft Advisory is open for comment until December 31, 2009.

8/6/2009 

MCAN MORTGAGE CORPORATION REPORTS SECOND QUARTER EARNINGS

Toronto, Ontario – August 6, 2009. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported net income of $5.6 million for the second quarter of 2009, up from $4.9 million a year earlier. Earnings per share for the quarter were $0.39 compared to $0.35 last year.

5/12/2009 

MCAN MORTGAGE CORPORATION REPORTS FIRST QUARTER EARNINGS

Toronto, Ontario – May 12, 2009. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported net income of $6.4 million for the first quarter of 2009, up from $5.1 million a year earlier. Earnings per share for the quarter were $0.45 compared to $0.36 last year.

2/12/2009 

MCAN MORTGAGE CORPORATION REPORTS FOURTH QUARTER EARNINGS

Toronto, Ontario – February 13, 2009. MCAN Mortgage Corporation (“MCAN”, the “Company” or “we”) reported net income of $9.9 million for the fourth quarter of 2008, up from $3.2 million a year earlier. Earnings per share for the quarter were $0.70 compared to $0.23 last year.