An update from TIMIA Capital ( (TSE:MONT) ) is now available.
Montfort Capital Corp. has announced an update regarding the potential sale of its mortgage lending business to Brightpath Holdings Corporation. The sale, expected to close on March 26, 2025, marks a strategic shift for Montfort as it aims to concentrate on high-growth lending segments. The transaction involves the transfer of shares and securities, with the buyer assuming intercompany indebtedness and issuing a promissory note. This move is seen as a significant milestone in Montfort’s operational focus and industry positioning.
More about TIMIA Capital
Montfort Capital Corp. is a provider of focused private credit strategies catering to institutional investors, family offices, and wealth managers. The company is involved in the mortgage lending business and is based in Toronto.
YTD Price Performance: 50.0%
Average Trading Volume: 66,429
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.99M
For an in-depth examination of MONT stock, go to TipRanks’ Stock Analysis page.