TORONTO , May 8, 2024 /CNW/ – MCAN Mortgage Corporation d/b/a MCAN Financial Group (“MCAN” or the “Company”) today announced the final director election results from MCAN’s 2024 Annual General Meeting of Shareholders held on May 7, 2024 .
By a vote by ballot, the director nominees listed in the table below were all elected as directors of the Company to serve until the next annual meeting of shareholders of the Company or until their resignations or their successors are elected or appointed.
The number of shares, which were voted in favour of or withheld from voting by ballot for the election of each such director nominee, and such number as a percentage of the votes cast, were as follows:
DIRECTOR NOMINEES
NUMBER OF SHARES
PERCENTAGE OF VOTES CAST
FOR
WITHHELD
FOR
WITHHELD
Bonnie Agostinho
13,738,597
30,149
99.78
0.22
Brian W. Chu
13,673,771
97,225
99.29
0.71
John E. Coke
13,721,361
49,635
99.64
0.36
Donald E. Coulter
13,712,919
56,853
99.59
0.41
Glenn Doré
13,742,608
28,388
99.79
0.21
Philip C. Gillin
13,718,264
52,966
99.62
0.38
Karen L. Martin
13,705,164
63,582
99.54
0.46
Gaelen J. Morphet
13,709,783
58,963
99.57
0.43
Derek G. Sutherland
13,868,619
23,400
99.83
0.17
MCAN Mortgage Corporation d/b/a MCAN Financial Group is a public company listed on the Toronto Stock Exchange under the symbol MKP and is a reporting issuer in all provinces and territories in Canada . MCAN also qualifies as a mortgage investment corporation (“MIC”) under the Income Tax Act (Canada ). MCAN is the largest MIC in Canada and the only federally regulated MIC.
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 Canada Deposit Insurance Corporation deposit insurance. MCAN is Investing in Communities and Homes for Canadians .
Website: www.mcanfinancial.com
SOURCE MCAN Mortgage Corporation