Donation Made as Part of Company's "Stay Warm" Initiative
TORONTO, Nov. 13, 2017 /CNW/ - Mortgage Company of Canada (the "Company"), a Toronto-based Mortgage Investment Corporation ("MIC"), is pleased to announce that it will donate 300 brand new winter coats to the head office of the Boys and Girls Clubs of Canada in Toronto on November 28, 2017.
The coats are being donated as part of the Company's "Stay Warm" initiative, which it launched in 2015. Mortgage Company of Canada donated 100 coats to Boys and Girls Clubs of Canada in December 2015, and 200 coats in December 2016. This year's donation of 300 coats demonstrates the Company's firm commitment to this initiative.
Boys and Girls Clubs of Canada is a national non-profit organization that aims 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.
The employees of Mortgage Company of Canada believe it is essential to give back to the community and be mindful of those who are less fortunate. Something as simple as a winter jacket could make an enormous difference in helping an underprivileged child get through the harsh Canadian winter.
"At Mortgage Company of Canada, we're conscious that growing up in an underprivileged environment can be very difficult for children," said Raj Babber, Founder, President and CEO. "We believe this donation will make a tangible difference in the lives of kids in our community. We are proud of our 'Stay Warm' initiative, and look forward to donating more coats next winter."
About Mortgage Company of Canada
Mortgage Company of Canada is a Toronto-based mortgage investment company that primarily invests in single family residential mortgages in the Greater Toronto Area. The Company's objective is to target a minimum annual yield of 9.25% by providing its shareholders with monthly dividends by lending within established risk parameters.
Mortgage Company of Canada is a Mortgage Investment Corporation as defined in the Income Tax Act (Canada). For further information on Mortgage Company of Canada, please visit www.mcoci.com.
SOURCE Mortgage Company of Canada Inc.
For further information: Raj Babber, Chairman, Chief Executive Officer & President, Mortgage Company of Canada, (866) 318-7222 ext. 222