03:28 PM EST - MCAN Mortgage Corp. : reported net income for the fourth quarter of $6.1 million or $0.43 per share, down from $9.9 million or $0.70 per share in the same quarter a year ago.The company noted that the decrease is primarily due to a one-time gain on the sale of mortgages in the prior year and a significant increase to an existing specific mortgage provision in the current year.Net investment income for the fourth quarter decreased to $8.1 million from $11.5 million in the prior-year quarter. MCAN Mortgage Corp.
shares T.MKP are trading up $0.25 at $13.80.
