TORONTO, July 31, 2025 /CNW/ – Sagen MI Canada Inc. (the “Company“) (TSX:MIC) today reported second quarter 2025 net income of $111 million.
Second Quarter 2025 Financial Results
Net income of $111 million was $40 million lower than the same quarter in the prior year, primarily due to lower net insurance service result and lower 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 September 29, 2025, to holders of record at the close of business on September 15, 2025.
Sagen MI Canada Inc. designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes …