TORONTO, Oct. 23, 2015 /CNW/ - Mortgage Company of Canada Inc. ("MCC") today announced that it increased its assets under management by approximately 13% during the month of September.
"This growth demonstrates the confidence that investors have in our platform," said Raj Babber, President and Chief Executive Officer of MCC. "Our proven ability to provide our investors with attractive risk-adjusted returns, while working within the conservative parameters mandated by our credit policies, continues to generate support from new investors."
About Mortgage Company of Canada Inc.
MCC is a Toronto-based mortgage investment company that primarily invests in single family residential mortgages in the Greater Toronto Area. MCC's objective is to target a minimum annual yield of 9.0% by providing its shareholders with stable monthly dividends while preserving shareholders' capital by lending within conservative risk parameters.
Mortgage Company of Canada Inc. is a Mortgage Investment Corporation as defined in the Income Tax Act (Canada).
This press release may contain "forward looking information" that is based on expectations, estimates and projections as of the date hereof. Such information involves risks and other factors that may cause actual results to be material different.
For further information on the Mortgage Company of Canada, please visit www.mcoci.com.
SOURCE Mortgage Company of Canada Inc.
For further information: Raj Babber, President & Chief Executive Officer, Mortgage Company of Canada Inc., (866) 318-7222 ext. 222; Greg Goutis, Chief Financial Officer, Mortgage Company of Canada Inc., (866) 318-7222 ext. 231