Markets.News
In Toronto, as of May 1, 2025, Sagen MI Canada Inc. (listed as TSX: MIC) disclosed its first quarter 2025 financial results, revealing a net income of $131 million. This number represented a $14 million decrease compared to the previous year's first quarter, attributable mainly to reduced investment income, although this was somewhat offset by a higher net insurance service result. Additionally, the company's Board of Directors announced a dividend of $0.3375 per Class A preferred share, Series 1, scheduled for payment on June 30, 2025, to shareholders of record as of June 13, 2025. Sagen MI Canada Inc. has designated all dividends paid or deemed for Canadian federal, provincial, or territorial income purposes.