/NOT FOR DISTRIBUTION OR DISSEMINATION INTO
The Offering was co-led by
The Corporation expects to use the net proceeds from the Offering for its residential mortgage lending and residential construction lending business.
"We are very pleased with the success of this offering," said
The Offering was made in each of the provinces and territories of
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. Further, this news release does not constitute an offer to sell, or the solicitation of an offer to buy, in
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
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 use of the net proceeds of the Offering. 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 Prospectus and 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 our 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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