Mortgage Company of Canada Appoints Faheem Tejani as President

TORONTO, March 5, 2018 /CNW/ - Mortgage Company of Canada (the "Company"), a Toronto-based Mortgage Investment Corporation (MIC), is pleased to announce that Faheem Tejani has joined the Company as President, effective today.

Mr. Tejani is a seasoned financial executive with 20 years of capital markets and financial industry experience. Mr. Tejani has been associated with BMO Capital Markets since 2000, filling increasingly senior positions within the organization. Faheem started his career in the Mergers & Acquisitions Group followed by spending three years in the Financial Institutions Group.  Faheem was offered the opportunity to work in London, England with BMO Capital Market's Institutional Equity Group. Since returning to Canada in 2009, he has served in BMO's Equity Capital Markets Group, most recently as Managing Director. During the course of his career at BMO Capital Markets, Mr. Tejani has provided growth and financing strategies to corporations globally and has raised over $15 billion, including for companies within the financial services industry in Canada.

Before joining BMO Capital Markets, Mr. Tejani worked for one of the largest global accounting firms. Mr. Tejani is a Chartered Professional Accountant and holds a Bachelor of Arts from the University of Western Ontario.

"I am thrilled to be joining Mortgage Company of Canada at this exciting time in the Company's history," said Mr. Tejani. "After starting with $250,000 from family and friends in 2009, the mortgage portfolio has increased to over $140 million.  I am looking forward to working with the team at Mortgage Company of Canada."

"We are excited that Faheem is joining the Company as President," said Raj Babber, Founder and Chief Executive Officer of Mortgage Company of Canada. "His proven capital markets expertise and relationships will be important additions to the Company as we continue to grow in the alternative lending market."

About Mortgage Company of Canada
Mortgage Company of Canada is a Toronto-based mortgage investment company that primarily invests in single family residential mortgages in the Greater Toronto Area. The Company's objective is to target a minimum annual yield of 9.25% by providing its shareholders with monthly dividends by lending within established risk parameters.

Mortgage Company of Canada is a Mortgage Investment Corporation as defined in the Income Tax Act (Canada). For further information on Mortgage Company of Canada, please visit www.mcoci.com.

SOURCE Mortgage Company of Canada Inc.

please contact: Raj Babber, Founder and Chief Executive Officer, Mortgage Company of Canada, [phone] ext. 222; Faheem Tejani, President, Mortgage Company of Canada, [phone] ext. 274