TORONTO, June 10, 2021 /CNW/ - Sagen MI Canada Inc. (the
"Company") (TSX: MIC.PR.A) announced at its annual general
meeting (the "Meeting") held on June
10, 2020 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
Withheld
|
|
#
|
%
|
|
#
|
%
|
Dana
Ades-Landy
|
1,340,515.97
|
100.00%
|
|
0.00
|
0.00%
|
Sharon
Giffen
|
1,340,515.97
|
100.00%
|
|
0.00
|
0.00%
|
Lyndsay
Hatlelid
|
1,145,593.43
|
85.46%
|
|
194,922.53
|
14.54%
|
Martin
Laguerre
|
1,145,593.43
|
85.46%
|
|
194,922.53
|
14.54%
|
Stuart
Levings
|
1,145,862.85
|
85.48%
|
|
194,653.11
|
14.52%
|
David
Nowak
|
1,057,095.06
|
78.86%
|
|
283,420.91
|
21.14%
|
Erson
Olivan
|
1,145,593.43
|
85.46%
|
|
194,922.53
|
14.54%
|
Neil
Parkinson
|
1,340,515.97
|
100.00%
|
|
0.00
|
0.00%
|
David
Planques
|
1,340,515.97
|
100.00%
|
|
0.00
|
0.00%
|
Rajinder
Singh
|
1,145,862.85
|
85.48%
|
|
194,653.11
|
14.52%
|
Frederic
Tomczyk
|
1,340,515.97
|
100.00%
|
|
0.00
|
0.00%
|
2. Appointment of Ernst & Young LLP as auditors of the
Company:
|
Votes
For
|
|
Votes
Against
|
|
#
|
%
|
|
#
|
%
|
|
1,340,515.97
|
100.00%
|
|
0.00
|
0.00%
|
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 0.1418
votes per share. As of the record date for the Meeting, the
outstanding Common Shares represented approximately 64.9840% 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, Genworth Financial 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 31, 2021, the Company had
$8.1 billion total assets and
$4.0 billion shareholders' equity.
Find out more at www.sagen.ca.
Contact Information:
Investors – Aaron
Williams, 905-287-5504 aaron.williams@sagen.ca
Media – Susan Carter,
905-287-5520 susan.carter@sagen.ca
___________________________
Sagen is a trademark owned by Sagen MI Canada Inc.
SOURCE Sagen MI Canada Inc.