TORONTO, June 12,
2024 /CNW/ - Sagen MI Canada Inc. (the
"Company") (TSX: MIC.PR.A) announced at its annual general
meeting (the "Meeting") held on June
12, 2024 the resolutions proposed in the Company's proxy
circular were carried. The detailed results are as
follows.
1. Election of each of the following eleven nominees as
directors of the Company:
|
Votes
For
|
|
Votes
Against
|
|
#
|
%
|
|
#
|
%
|
|
Dana
Ades-Landy
|
1,335,590.24
|
99.96 %
|
|
576.00
|
0.04 %
|
|
Sophia Chen
|
1,099,037.84
|
82.25 %
|
|
237,128.40
|
17.75 %
|
|
Meggie
Daoust
|
1,099,181.84
|
82.26 %
|
|
236,984.40
|
17.74 %
|
|
Sharon
Giffen
|
1,335,027.34
|
99.91 %
|
|
1,138.90
|
0.09 %
|
|
Lyndsay
Hatlelid
|
1,098,677.84
|
82.23 %
|
|
237,488.40
|
17.77 %
|
|
Stuart
Levings
|
1,141,852.35
|
85.46 %
|
|
194,313.89
|
14.54 %
|
|
Philip
Mayers
|
1,099,181.84
|
82.26 %
|
|
236,984.40
|
17.74
|
|
Erson Olivan
|
1,071,613.04
|
80.20 %
|
|
264,553.20
|
19.80 %
|
|
Neil
Parkinson
|
1,335,590.24
|
99.96 %
|
|
576.00
|
0.04 %
|
|
David
Planques
|
1,335,014.24
|
99.91 %
|
|
1,152.00
|
0.09 %
|
|
Rajinder
Singh
|
1,100,018.34
|
82.33 %
|
|
236,147.90
|
17.67 %
|
|
|
|
|
|
|
2. Appointment of Ernst & Young LLP as auditors of the
Company:
|
Votes
For
|
|
Votes
Withheld
|
|
#
|
%
|
|
#
|
%
|
|
1,336,166.24
|
100 %
|
|
0
|
0 %
|
In accordance with the Company's articles, at the Meeting, each
Class A Common Share of the Company ("Common Shares")
carries one vote per share and each Class A Preferred Share, Series
1 of the Company ("Voting Preferred Shares") carries 0.1440
votes per share. As of the record date for the Meeting, the
outstanding Common Shares represented approximately 64.99% of the
aggregate voting rights attached to the Company's issued and
outstanding voting securities.
About Sagen MI Canada
Inc.
Sagen MI Canada Inc., operating through its wholly owned
subsidiary, Sagen Mortgage Insurance Company Canada (doing business
as SagenTM), is the largest private sector residential
mortgage insurer in Canada. The
Company provides mortgage default insurance to Canadian residential
mortgage lenders, making homeownership more accessible to
first-time homebuyers. Sagen differentiates itself through customer
service excellence, innovative processing technology, and a robust
risk management framework. For more than two decades, the Company
has supported the housing market by providing thought leadership
and a focus on the safety and soundness of the mortgage finance
system. As at March 31st, 2024, the
Company had $6.7 billion total assets
and $2.9 billion shareholders'
equity. Find out more at www.sagen.ca.
Contact Information:
Investors – Amit Chalam,
647-248-2071 amit.chalam@sagen.ca
Media – Susan Carter,
905-287-5520 susan.carter@sagen.ca
|
___________________________
Sagen MI Canada and Sagen are trademarks owned by Sagen MI Canada
Inc.
|
SOURCE Sagen Mortgage Insurance Company Canada