TORONTO, June 10,
2022 /CNW/ - Sagen MI Canada Inc. (the
"Company") (TSX: MIC.PR.A) announced at its annual general
meeting (the "Meeting") held on June
10, 2022 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
|
1,396,317.28
|
100.00%
|
|
0.00
|
0.00%
|
Sharon
Giffen
|
1,396,317.28
|
100.00%
|
|
0.00
|
0.00%
|
Lyndsay
Hatlelid
|
1,340,237.86
|
95.98%
|
|
56,079.41
|
4.02%
|
Martin
Laguerre
|
1,340,237.86
|
95.98%
|
|
56,079.41
|
4.02%
|
Stuart
Levings
|
1,340,237.86
|
95.98%
|
|
56,079.41
|
4.02%
|
David Nowak
|
1,291,441.93
|
92.49%
|
|
104,875.34
|
7.51%
|
Erson Olivan
|
1,291,441.93
|
92.49%
|
|
104,875.34
|
7.51%
|
Neil
Parkinson
|
1,396,317.28
|
100.00%
|
|
0.00
|
0.00%
|
David
Planques
|
1,396,317.28
|
100.00%
|
|
0.00
|
0.00%
|
Rajinder
Singh
|
1,396,317.28
|
100.00%
|
|
0.00
|
0.00%
|
Frederic
Tomczyk
|
1,238,521.49
|
88.70%
|
|
157,795.79
|
11.30%
|
2. Appointment of Ernst & Young LLP as auditors of the
Company:
|
Votes
For
|
|
Votes
Against
|
|
#
|
%
|
|
#
|
%
|
|
1,340,549.85
|
96.01%
|
|
55,767.43
|
3.99%
|
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 0.1422
votes per share. As of the record date for the Meeting, the
outstanding Common Shares represented approximately 64.9995% 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 Sagen™), 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, 2022, the
Company had $6.8 billion total assets
and $2.6 billion shareholders'
equity. Find out more at www.sagen.ca.
Contact Information:
Investors – Philip Mayers,
905-287-5393 philip.mayers@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 MI Canada Inc.