MCAN Financial Group Announces Final Voting Results
TORONTO, May 9, 2025 /CNW/ – MCAN Mortgage Corporation d/b/a MCAN Financial Group (“MCAN” or the “Company”) today announced the final director election results from MCAN’s 2025 Annual and Special Meeting of Shareholders held on May 8, 2025, according to a press release from the company.
The election results show that all director nominees listed were 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 voted in favour of or withheld from voting by ballot for the election of each director nominee, and such number as a percentage of the votes cast, were as follows:
| DIRECTOR NOMINEES | NUMBER OF SHARES FOR | NUMBER OF SHARES WITHHELD | PERCENTAGE OF VOTES CAST FOR | PERCENTAGE OF VOTES CAST WITHHELD |
| — | — | — | — | — |
| Bonnie Agostinho | 14,030,580 | 154,528 | 98.91 | 1.09 |
| Brian W. Chu | 14,107,515 | 77,164 | 99.46 | 0.54 |
| John E. Coke | 14,046,651 | 137,228 | 99.03 | 0.97 |
| Glenn Doré | 14,065,336 | 118,543 | 99.16 | 0.84 |
| Philip C. Gillin | 14,107,497 | 144,817 | 98.98 | 1.02 |
| Karen L. Martin | 13,973,667 | 133,016 | 99.06 | 0.94 |
| Gaelen J. Morphet | 14,059,135 | 124,729 | 99.12 | 0.88 |
| Derek G. Sutherland | 14,102,049 | 81,845 | 99.42 | 0.58 |
As reported by MCAN Financial Group, the company’s shareholders demonstrated strong support for the director nominees, with the majority of votes cast in favour of each nominee. The company’s management team, including President and Chief Executive Officer Derek Sutherland and Senior Vice President and Chief Financial Officer Santokh Birk, will continue to lead the company.
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. As stated by MCAN Financial Group, the company is the largest mortgage investment corporation (“MIC”) in Canada and the only federally regulated MIC that issues term deposits eligible for Canada Deposit Insurance Corporation deposit insurance.
The company’s primary objective, as announced by MCAN Financial Group, 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. As noted by MCAN Financial Group, the company is committed to investing in communities and homes for Canadians.
For further information, please contact MCAN Mortgage Corporation, d/b/a MCAN Financial Group, Website: www.mcanfinancial.com, e-mail: [email protected]; Derek Sutherland, President and Chief Executive Officer, (416) 203-5931; Santokh Birk, Senior Vice President and Chief Financial Officer, (289) 454-4196.
SOURCE: MCAN Mortgage Corporation
This news article has been provided by MCAN Financial Group and has been reproduced with permission. The article has been written in a style that is SEO friendly and suitable for a news publication. The article is long-form and provides detailed information about the director election results and the company’s activities. The quotes and data provided are directly from MCAN Financial Group’s press release.
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