MCAN Mortgage (MKP) has notable insider buying

MCAN Mortgage (T:MKP)

McIntosh, a Director, acquired 950 Common Shares on an indirect ownership basis for registered holder Canaccord Genuity (TFSA - Spouse) at a price of $14.000 through the public market on May 11th, 2017. The insider also acquired 1,750 Common Shares on an indirect ownership basis for registered holder Canaccord Genuity (TFSA) at a price of $14.000 through the public market on May 11th, 2017. This represents a $37,800 investment into the company's shares and an account share holdings change of greater than 100%.

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.