MCAN Mortgage Corporation Shares Director Vote Results

TORONTO, May 9, 2025 /CNW/ – MCAN Mortgage Corporation d/b/a MCAN Financial Group announced the results of the director elections from its 2025 Annual and Special Meeting of Shareholders held on May 8. All nominated directors were elected to serve until the next annual meeting or until their successors are chosen.

Bonnie Agostinho, Brian W. Chu, John E. Coke, Glenn Doré, Philip C. Gillin, Karen L. Martin, Gaelen J. Morphet, and Derek G. Sutherland received significant support from shareholders, with percentages of votes in favor ranging from 98.91% to 99.46%.

For instance, Agostinho garnered 14,030,580 votes in favor, translating to 98.91%, while Chu received 14,107,515 votes, or 99.46%. Each director nominee’s election was confirmed through a vote by ballot, reflecting strong shareholder confidence in the board.

MCAN Mortgage Corporation, listed on the Toronto Stock Exchange under the symbol MKP, is known as the largest mortgage investment corporation in Canada. With a primary focus on generating a reliable stream of income, the company invests in diverse Canadian mortgages, including both residential and commercial properties.

The company highlights its commitment to investing in communities and homes. As part of its strategic direction, MCAN continues to adapt to economic challenges while maintaining a robust lending portfolio. According to CEO Derek Sutherland, “Our first quarter results show resilience in a challenging economic environment, and we will continue to seek growth opportunities.”

Further information about MCAN can be accessed through its website at www.mcanfinancial.com.