"On behalf of the Board of Directors, I would like to thank Floriana for her years of dedication and many contributions to the Company and wish her continued success in her future endeavors," said
The Company has an executive search process underway to assess potential internal and external candidates and expects to fill the permanent position of Senior Vice President & Chief Financial Officer in the coming months.
In the interim,
MCAN's primary 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. MCAN employs leverage by issuing term deposits that are eligible for
A Caution About Forward–Looking Information and Statements
This news release contains "forward–looking information" within the meaning of applicable securities laws. Forward–looking information can be identified by words such as: "expect", "intend," "plan," "seek," "believe," "estimate," "future," "likely," "may," "should," "will" and similar forward–looking language. Forward-looking information contained in this news release includes statements relating to MCAN's expected timeline on appointing a permanent Chief Financial Officer. Forward–looking information entails various risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward–looking information, including, but not limited to, risks as discussed under "Risk Factors" in the Company's most recent annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca. In addition, general risks relating to capital markets, economic conditions, regulatory changes, as well as the operations of MCAN's business may also cause actual results to differ materially from those expressed or implied in such forward–looking information. Forward–looking information is not a guarantee of future performance, and management's assumptions upon which such forward–looking information is based may prove to be incorrect. Investors are cautioned not to place undue reliance on any forward–looking information contained herein. The Company disclaims any obligation to update or revise any forward–looking information contained in this news release, whether as a result of new information, future events or otherwise, except to the extent required by law.
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