Who is Sagen MI Canada™?
Sagen MI Canada Inc. is a reporting issuer on the Toronto Stock Exchange. Sagen MI Canada Inc. through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (operating as Sagen™), is the largest residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers.
What insurance products do you offer?
We offer a single product, residential mortgage insurance, to mortgage originators and lenders.
To find out more about our specific mortgage insurance products click here.
What is the CUSIP for Sagen MI Canada Inc. Preferred Shares?
The CUSIP is 786688309and its ISIN is CA7866883092.
Who is Sagen MI Canada Inc.’s transfer agent?
AST Trust Company (Canada)
1 Toronto Street
Suite 1200
Toronto, ON
M5C 2V6
416-682-3860 in Canada
1-800-387-0825 (outside Canada and the United States) or (within Canada and the United States); via facsimile at 1-888-249-6189; via e-mail at inquiries@astfinancial.com;
All inquiries related to address changes, elimination of multiple mailings, transfer of MIC Preferred Shares, dividends or other shareholder account issues should be forwarded to the offices of Canadian Stock Transfer Company.
Does Sagen MI Canada Inc. pay a dividend?
Yes, we do. Each Class A Preferred Shares, Series 1 (the "Preferred Shares") entitles the holder thereof to fixed, non-cumulative dividends, if, as and when declared by the board of directors of the Company, with an annual dividend yield of 5.40%. Such dividends, if, declared, will be paid on the last day of March, June, September and December in each year at a rate equal to $0.3375 per Preferred Share.
Are the dividends paid by Sagen MI Canada Inc. considered eligible dividends for Canadian tax purposes?
Yes, all dividends paid to Canadian residents or deemed for Canadian federal, provincial or territorial income tax purposes are designated “eligible dividends”, unless otherwise indicated.
What is your relationship to Brookfield?
Brookfield Business Partners LP together with its institutional partners hold 100% of the issued and outstanding Class A common shares of the Company.