Dividend Payments

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 2008, the following dividends have been paid:

Payment Date	Record Date	Interest Dividend Box 13	Capital Gain Dividend Box 18

Dividends Paid in 2010

January 4, 2010	December 15, 2009	$0.26
March 31, 2010	March 15, 2010	$0.41

Dividends Paid in 2009

January 2, 2009	December 15, 2008	$0.25
March 31, 2009	March 16, 2009	$0.68
June 30, 2009	June 15, 2009	$0.25
September 30, 2009	September 15, 2009	$0.25
TOTAL		$1.43

Dividends Paid in 2008

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
TOTAL		$0.83	$0.11

The Company's policy is to pay a substantial part of its earnings to its shareholders. The company currently pays a quarterly dividend of $0.26 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.

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