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Dividend Payments |
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MCAN Mortgage Corporation
Dividend Payments - T5 Reporting
Please note:
MCAN Mortgage Corporation is a Mortgage Investment Corporation (MIC), under Section 130.1 of the Income Tax Act of Canada. As such, MCAN Mortgage Corporation can deduct any dividends paid to its shareholders in calculating income for tax purposes. Normally, these dividends are taxed in the shareholders' hands as interest. For reporting on T5 slips, interest dividends from a MIC are recorded in Box 13. In addition, a MIC may from time to time pay dividends in respect of capital gains that it has earned. These are taxed as capital gains from the disposition of capital property. For reporting on T5 slips, capital gain dividends from a MIC are recorded in Box 18. Since 2005, the following dividends have been paid:
Payment Date |
Record Date |
Interest Dividend Box 13 |
Capital
Gain Dividend Box 18 |
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Dividends Paid in 2008
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| January 2, 2008 | December 17, 2007 | $0.23 | ||
| March 28, 2008 | March 14, 2008 | $0.12 | $0.11 | |
| June 30, 2008 | June 16, 2008 | $0.23 | ||
| September 30, 2008 | September 15, 2008 | $0.25 | ||
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Dividends Paid in 2007
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| January 2, 2007 | $0.21 | |||
| March 30, 2007 | $0.19 | $0.12 | ||
| June 29, 2007 | $0.23 | |||
| October 1, 2007 | $0.23 | |||
| TOTAL | $0.86 | $0.12 | ||
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Dividends Paid in 2006
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| January 3, 2006 | $0.19 | |||
| March 31, 2006 | $0.43 | $0.12 | ||
| June 30, 2006 | $0.21 | |||
| October 2, 2006 | $0.21 | |||
| TOTAL | $1.04 | $0.12 | ||
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Dividends Paid in 2005
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| January 4, 2005 | $0.06 | $0.13 | ||
| March 31, 2005 | $0.40 | |||
| June 30, 2005 | $0.19 | |||
| September 30, 2005 | $0.075 | $0.115 | ||
| TOTAL | $0.725 | $0.245 | ||
The Company's policy is to pay a substantial part of its earnings to its shareholders.
The company currently pays a quarterly dividend of $0.25 per share payable on or about
each of March 31, June 30, September 30 and January 1. Additional dividends may be
declared by the Company from time to time.
© 2008 MCAN Mortgage Corporation. All rights reserved.
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