MCAN Mortgage Corporation Announces Q2 2020 Results and Declares Q3 2020 Dividend
(WorldNews Environment)

MCAN MORTGAGE CORPORATION ANNOUNCES Q2 2020 RESULTS AND DECLARES Q3 2020 DIVIDEND Toronto, Ontario - August 12, 2020. MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported solid net income of $7.8 million ($0.32 earnings per share) for the second quarter ended June 30, 2020. For the same period in the prior year, net income was $8.9 million ($0.37 earnings per share). For the six months ended June 30, 2020, MCAN reported a net loss of $1.9 million ($0.08 loss per share), compared to net income of $23.2 million ($0.97 earnings per share) in the prior year. In 2020, we recorded a $14.3 million net loss on securities as a result...