MCAP Corporation

MCAP Corporation

May 26, 2016 11:33 ET

MCAP Corporation Files Preliminary Prospectus for Initial Public Offering

TORONTO, ONTARIO--(Marketwired - May 26, 2016) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

MCAP Corporation (the "Corporation") announces that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering of its common shares (the "Offering"). The Offering contemplates a treasury offering of common shares by the Corporation and a secondary offering of common shares of the Corporation by certain of its shareholders. A copy of the preliminary prospectus will be available on SEDAR (www.sedar.com).

The Offering is being made through a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets as joint bookrunners.

The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such jurisdiction. This press release is not an offer of securities for sale in the United States, and the securities may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933.

About MCAP Corporation

MCAP Corporation was formed in connection with the Offering and upon completion of the Offering will become the holding company for MCAP Commercial LP and all of its subsidiaries and operations (collectively, "MCAP"). MCAP is a leading Canadian mortgage finance company with over $55 billion in mortgages under administration. MCAP originates, funds and services residential, commercial and construction mortgages for a wide variety of institutional investors and through securitization. MCAP's most significant operations are in the prime single-family residential mortgage market with approximately $11 billion of such mortgages funded in its fiscal 2015 year.

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