Press

Mortgage Company of Canada Appoints Faheem Tejani as President

Toronto, March 5, 2018 – Mortgage Company of Canada (the “Company”), a Toronto-based Mortgage Investment Corporation (MIC), is pleased to announce that Faheem Tejani has joined the Company as President, effective today. Mr. Tejani is a seasoned financial executive with 20 years of capital markets and financial industry experience. Mr. Tejani has...
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Mortgage Company of Canada announces the appointment of Brian K. Johnston to its Board of Directors

Toronto, January 23, 2018 – Mortgage Company of Canada (the “Company”), a Toronto-based Mortgage Investment Corporation, is pleased to announce that Brian K. Johnston has been appointed to the Company’s Board of Directors, which will be effective January 23, 2018. Mr. Johnston is a seasoned real estate industry executive with more than...
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Mortgage Company of Canada Announces an Increase in Target Yield to 9.25%

TORONTOSept. 19, 2017 /CNW/ - Mortgage Company of Canada (the "Company"), a Toronto-based Mortgage Investment Corporation ("MIC"), is pleased to announce that it has increased the minimum target yield of its portfolio from 9% to 9.25%. "This is a landmark announcement for Mortgage Company of Canada," said Raj Babber, Founder, President and CEO. "It...
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Mortgage Company of Canada Announces Q2 Bonus Dividend

TORONTO, Sept. 15, 2017 /CNW/ - Mortgage Company of Canada (the "Company"), a Toronto-based Mortgage Investment Corporation ("MIC"), today announced that it will issue a second quarter bonus dividend of $0.0091 a share. The dividend will be paid on or about September 25, 2017 to all shareholders of record...
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Mortgage Company of Canada Expands Line of Credit from TD Bank to Fund Accelerated Growth

TORONTO, July 4, 2017 /CNW/ - Mortgage Company of Canada Inc. (the "Company"), a fast-growingToronto-based mortgage investment corporation, today announced that it has increased its line of credit with The Toronto-Dominion Bank (TD) from $25 million to $40 million. When drawn by the Company, the incremental funds will be employed to...
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MORTGAGE COMPANY OF CANADA DONATES 200 WINTER COATS TO BOYS AND GIRLS CLUBS

Toronto, December 13, 2016 – Mortgage Company of Canada Inc., a Mortgage Investment Corporation (MIC) based in Toronto, is pleased to announce that it has donated 200 brand new winter coats to the head office of the Boys and Girls Clubs of Canada in Toronto.  The donation was made as part of the MIC’s annual...
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Mortgage Company of Canada, sponsor of the 15th Annual Trillium Health Partners Gala

Toronto, Canada, November 18, 2016 – Mortgage Company of Canada Inc., a privately owned company offering investors a diversified portfolio of high-yielding Canadian real estate mortgages, is pleased to announce it recently celebrated its second year as a corporate sponsor at the 15th annual Trillium Diwali Gala. Held on October 21, 2016, where a...
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Mortgage Company of Canada Positioned for Continued Growth Through Expanded Line of Credit from The Toronto-Dominion Bank

Toronto, October 26, 2016 – Mortgage Company of Canada Inc., a fast-growing Toronto-based mortgage investment corporation, today announced that it has increased its line of credit with The Toronto-Dominion Bank (TD) from $15 million to $25 million. “We have a strong established relationship with TD, which has been providing a line of credit to us since...
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MORTGAGE COMPANY OF CANADA WELCOMES RICHARD SENECHAL TO BOARD OF DIRECTORS

Daniel Drimmer Continues Affiliation with Mortgage Company of Canada as Special Advisor to the Board

Toronto, September 19, 2016 – Mortgage Company of Canada Inc. today announced that Richard Senechal has joined the Company’s Board of Directors, effective September 9, 2016. Richard replaces Daniel Drimmer, who is transitioning as a Special Advisor to the Board.

Richard Senechal...

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CEO Letter June 2016

2016 SIX MONTHS LETTER TO SHAREHOLDERS In the first half of 2016, Mortgage Company of Canada continued to produce solid growth and strong returns for shareholders. Our mortgage portfolio increased to $53.2 million from $46.6 million at year-end 2015 and, by balancing our portfolio with the right mix of carefully-selected first and second mortgages, our...
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Mortgage Company of Canada announces fourth quarter 2015 special dividend

Dividend reflects continued strong operating performance

TORONTO, April 7, 2016 /CNW/ - Mortgage Company of Canada Inc. ("MCC") today announced a special dividend of $0.014 per share, which represents the third special dividend to shareholders for the year ended December 31, 2015.  These dividends, in concert with the 12 regular monthly...

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Mortgage Company of Canada Appoints a New Board Member

Not for distribution to U.S. news wire services or dissemination in the United States. Toronto, Canada – February 22, 2016 – Mortgage Company of Canada Inc. (“MCOCI” or the “Company”) announces changes to the Company’s Board of Directors.  Mr. Glen Silvestri resigned from the Board effective February 1, 2016 due to commitments related to his job...
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CEO Letter December 2015

We are pleased to report that Mortgage Company of Canada enjoyed another year of significant growth, resulting in strong returns for shareholders. During 2015, we increased the size of the Company’s mortgage portfolio by approximately $12 million, or 34%, to $46.6 million. By deploying these funds into a mix of primarily first and...

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Mortgage Company of Canada, Inc. Reacts to Record Year for Toronto Housing Sales

Toronto, Canada, January 12, 2016 – Mortgage Company of Canada, Inc. (www.www.mcoci.com), a privately owned company offering investors a diversified portfolio of high-yielding Greater Toronto Area (GTA) real estate mortgages, comments on recent data showing that Toronto’s housing market had a record year for sales, with prices up almost 10%. The Toronto Real Estate Board announced...
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Mortgage Company of Canada, Inc. Donates 75 New Toys to Yellow Brick House for the Holidays

Toronto, Canada, December 30, 2015 – Mortgage Company of Canada, Inc. (www.www.mcoci.com), a mortgage investment corporation that offers high yielding mortgages secured primarily by residential real estate located in the Greater Toronto Area (GTA), is pleased to announce that it has donated 75 new toys to Yellow Brick House in Richmond Hill, in...

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Mortgage Company of Canada, Inc., Donates 100 New Winter Coats to Boys and Girls Clubs

Toronto, Canada, December 14, 2015 – Mortgage Company of Canada, Inc. (MCC) (www.www.mcoci.com), a mortgage investment corporation that offers high yielding mortgages secured primarily by residential real estate located in the Greater Toronto Area (GTA), is pleased to announce that it has donated 100 brand new winter coats to the Boys and Girls...

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Mortgage Company of Canada Reacts to Study Showing GTA Residents Worried about Housing Costs

Toronto, Canada, December 7, 2015 – Mortgage Company of Canada, Inc. (www.www.mcoci.com), a mortgage investment corporation that offers high yielding mortgages secured primarily by residential real estate located in the Greater Toronto Area (GTA), comments on a poll showing that most people living in the GTA are worried about the affordability of housing.

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Mortgage Company of Canada, Inc., Says Surging Real Estate Prices in Toronto Point to Ongoing Investment Opportunities

Mortgage Company of Canada, Inc., a privately owned company offering investors a diversified portfolio of high-yielding GTA real estate mortgages, says record October home resale figures suggest the dramatic appreciation in Toronto home values points to real estate as a stable investment class.

According to the Toronto Real Estate Board, home sales...

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