Off-market insider buying at MCAN Mortgage (MKP)

Off-market insider buying at MCAN Mortgage (T:MKP)

KingSett Canadian Real Estate Income Fund LP, a 10% Holder, acquired 500,000 Common Shares on a direct ownership basis at a price of $15.400 through a prospectus or prospectus exempt offering on March 20th, 2024. This represents a $7,700,000 investment into the company's shares and an account share holdings change of 10.6%.

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

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.