10% holder buying at MCAN Mortgage (MKP)

10% holder buying at MCAN Mortgage (T:MKP)

Ian Sutherland, a Director and 10% Holder, acquired 6,441 Common Shares on a control or direction basis for registered holder Tachane Foundation Inc at a price of $16.570 on April 5th, 2021. This represents a $106,727 investment into the company's shares and an account share holdings change of 0.3%.

MCAN Mortgage is in the Consumer Lending Sub Industry Group under the Financials Sector.

MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company's primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments. The Company's primary subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada. The Company also participates in the National Housing Act (NHA) mortgage-backed securities (MBS) program.