Business
MCAN Mortgage Corporation Provides COVID-19 Update and Announces Executive Departure
MCAN Mortgage Corporation Provides COVID-19 Update and Announces Executive Departure ...
About this update from Mcan Mortgage Corporation
[{"type":"text","content":"\n\n\n\nMCAN Mortgage Corporation Provides COVID-19 Update and Announces Executive Departure\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, April 13, 2020\n\n\n\nTORONTO, April 13, 2020 /CNW/ - In response to the COVID-19 pandemic, MCAN Mortgage Corporation (\"MCAN\", the \"Company\" or \"we\") (TSX: MKP) has successfully moved to an entirely remote operation with no business interruption.  MCAN is focused on the safety and well being of our team, customers and stakeholders.  We are also focused on ensuring that the quality of our work and our customer interactions continue in the new working environment.  We entered this pandemic with a strong team and financial position and we continue to maintain solid capital and liquidity in our business.  We continue to proactively manage our business, liquidity, portfolio and investments.  While the duration and scope of the COVID-19 pandemic is unknown and evolving, we believe that we are well positioned to address challenges and opportunities as they arise in these uncertain times.\nOur Chief Financial Officer, Ms. Dipti Patel, has chosen to resign for another opportunity and will be leaving MCAN after the first quarter results are reported and the Annual General Meeting (\"AGM\") is held.  We appreciate all of the contributions Ms. Patel has made over her 11-year tenure with the Company and wish her the best in her future.  The Company has initiated a search for a new Chief Financial Officer including internal and external candidates.\nWe will be reporting our first quarter results on May 12, 2020 and providing a more detailed update on our operations and business at that time.  We will hold our AGM remotely, enabling shareholders to participate virtually in a live audio webcast.  We believe that this is important for the health and well-being of all of our management, Directors and shareholders.  Please refer to the instructions for participating at the AGM found in the Management Information Circular and posted on our website and on SEDAR.\nMCAN is...