TORONTO, April 23 /CNW/ - Notification of event:
Xceed Mortgage Corporation (TSX: XMC.)
Annual and Special Meeting
April 23, 2007 - 9:00 AM ET
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About Xceed Mortgage Corporation
Xceed is one of a new breed of alternative residential mortgage lenders in Canada. Xceed helps Canadians fulfill their aspirations of home ownership. Its borrowers range from those who have solid credit and income histories but have not managed to save a down payment, to those who have gone through periods with limited and specific credit difficulties but have since recovered and repaired their credit. A growing proportion of Xceed's applicants are renters, self-employed entrepreneurs, and recent immigrants to Canada, who may otherwise not conform to major banks' electronic credit-scoring criteria.
By meeting the needs of Canadians for alternative financing, Xceed Mortgage Corporation has grown to become one of the largest non-traditional residential mortgage financing companies in Canada, operating in a market that is estimated to have a potential size of approximately $60 billion. Established in 1997, Xceed completed an initial public offering of common shares in June 2004. Its shares are traded on the Toronto Stock Exchange. More information is available at the company's website at www.xceedmortgage.com.