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TIMIA Capital ( (TSE:MONT) ) has issued an announcement.
Montfort Capital Corp. has entered into a definitive share purchase agreement to sell its mortgage lending business to Brightpath Holdings Corporation, led by former Montfort director Blake Albright. This strategic move allows Montfort to concentrate on its profitable Toronto-based lending operations, while Brightpath aims to return to growth after facing challenges in the mortgage market. Brightpath, a provider of alternative residential mortgages, represents a significant portion of Montfort’s assets and liabilities, amounting to 46% of the company’s total assets and liabilities.
More about TIMIA Capital
Montfort Capital Corp. is a trusted provider of focused private credit strategies, catering to institutional investors, family offices, and wealth managers. The company is shifting its focus to high-growth lending segments based in Toronto, following its strategic decision to divest its mortgage lending business.
YTD Price Performance: 39.53%
Average Trading Volume: 49,344
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.99M
Find detailed analytics on MONT stock on TipRanks’ Stock Analysis page.
