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 “Stay Warm” initiative, which began last year.
The coats are being distributed to underprivileged youth across the Greater Toronto Area. The mission of Boys and Girls Clubs of Canada is to provide a safe, supportive, and fun place where children can participate in quality programs and build positive relationships that promote self-confidence and healthy development.
“We at Mortgage Company of Canada believe it is essential to give back to our community and provide aid to those who are not as fortunate as us,” said Raj Babber, president, CEO and founder. “We are very pleased to make this donation, which will help young people withstand the harsh Canadian winter.”
Mortgage Company of Canada donated 100 coats in December 2015, the first year of the “Stay Warm” initiative. This year’s donation is twice as large and demonstrates the company’s ongoing commitment to Boys and Girls Clubs.
“As we look forward to the holiday season and reflect on how fortunate we are at Mortgage Company of Canada, we’re reminded that it is vital it is to always give hope to Canada’s struggling young people,” Babber said.
About Mortgage Company of Canada Inc.
Mortgage Company of Canada is a Toronto-based Mortgage Investment Corporation as defined in the Income Tax Act (Canada). The MIC primarily invests in single family residential mortgages in the Greater Toronto Area. Mortgage Company of Canada’s objective is to target a minimum annual yield of 9.0% by providing its shareholders with monthly dividends while preserving shareholders’ capital by lending within conservative risk parameters. For further information on Mortgage Company of Canada, please visit www.www.mcoci.com
For more information please contact:
Chairman, Chief Executive Officer & President
Mortgage Company of Canada
(866) 318-7222 ext. 222