Mandate National Mortgage Corporation - Second quarter 2015 no dividend and amendment to articles

VANCOUVER, June 24, 2015 /CNW/ - On behalf of the Board of Directors of Mandate National Mortgage Corporation ("Mandate"), Mr. Alan Long, President, announces that no dividend payment will be declared or paid for the second quarter ending June 30, 2015.

Pursuant to the Company Annual General & Special Meeting of Common Shareholders and Separate Special Meeting of Preferred Shareholders held on June 19, 2015, the Special Resolution to amend the articles to remove the rights of redemption of all shareholders and provide Mandate with the right to redeem shares was approved. The amendments to the articles that were approved by the shareholders became effective June 23, 2015.

Mandate operates as a mortgage investment corporation under the provisions of the Income Tax Act (Canada). 

ON BEHALF OF THE BOARD OF DIRECTORS

 "Alan Long"          
ALAN E.R. LONG
PRESIDENT

SOURCE Mandate National Mortgage Corporation

please contact Mr. Alan E.R. Long at [phone].