Sagen MI Canada Inc. Reports Third Quarter 2024 Results and Declares Preferred Share Dividend

TORONTO, Nov. 7, 2024 /CNW/ - Sagen MI Canada Inc. (the "Company") (TSX:MIC) today reported third quarter 2024 net income of $147 million.

Third Quarter 2024 Financial Results

Net income of $147 million was $1 million lower than the same quarter in the prior year, primarily due to lower net insurance service result, which was partially offset by higher investment income.

Preferred Dividends

The Company also announced today that its Board of Directors had declared a dividend of $0.3375 per Class A preferred share, Series 1, payable on December 31st, 2024, to holders of record at the close of business on December 13th, 2024.

Sagen MI Canada Inc. designates any and all dividends paid ...