TORONTO, June 9, 2023
/CNW/ - Sagen MI Canada Inc. (the "Company") (TSX: MIC.PR.A)
announced at its annual general meeting (the "Meeting") held
on June 9, 2023 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
|
1,347,272.37
|
99.99 %
|
|
71.55
|
0.01 %
|
|
Sophia Chen
|
1,107,272.78
|
82.18 %
|
|
240,071.14
|
17.82 %
|
|
Sharon
Giffen
|
1,346,914.62
|
99.97 %
|
|
429.30
|
0.03 %
|
|
Lyndsay
Hatlelid
|
1,107,630.53
|
82.21 %
|
|
239,713.39
|
17.79 %
|
|
David Latour
|
1,107,630.53
|
82.21 %
|
|
239,713.39
|
17.79 %
|
|
Stuart
Levings
|
1,150,681.73
|
85.40 %
|
|
196,662.19
|
14.60 %
|
|
Erson Olivan
|
1,068,665.54
|
79.32 %
|
|
278,678.38
|
20.68 %
|
|
Neil
Parkinson
|
1,347,272.37
|
99.99 %
|
|
71.55
|
0.01 %
|
|
David
Planques
|
1,347,272.37
|
99.99 %
|
|
71.55
|
0.01 %
|
|
Rajinder
Singh
|
1,107,272.78
|
82.18 %
|
|
240,071.14
|
17.82 %
|
|
Fredric
Tomczyk
|
1,346,914.62
|
99.97 %
|
|
429.30
|
0.03 %
|
2. Appointment of Ernst & Young LLP as auditors of the
Company:
|
Votes
For
|
|
Votes
Withheld
|
|
#
|
%
|
|
#
|
%
|
|
1,347,272.37
|
99.99 %
|
|
71.55
|
0.01 %
|
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 0.1431
votes per share. As of the record date for the Meeting, the
outstanding Common Shares represented approximately 64.9935% 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 31, 2023, the
Company had $6.7 billion total assets
and $2.8 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 is a trademark
owned by Sagen MI Canada Inc.
|
SOURCE Sagen MI Canada Inc.