MPIC's mission is to deliver a superior return to investors through stable dividends and capital appreciation. MPIC's strategy includes:
Active asset management supports sustainable growth in cash flow. Every year, each of our businesses undertakes a strategic planning exercise to assess progress against goals and to determine how we can further improve the efficiency, quality and performance of our operations. We work closely with the management teams at each asset to optimize operating and financial performance, which includes applying strong risk management principles and procedures to safeguard MPIC’s performance.
MPIC has a conservative capital structure. Each asset in our portfolio undergoes a detailed financial and sensitivity analysis to determine the appropriate debt level for the business based on its operating environment, cash flow and risk profile. Our goal is to match the cash flow of each asset with investment-grade debt, which helps to minimize financial risk.
MPIC continues to look for growth opportunities in Canada and internationally in OECD countries that will diversify its portfolio, enhance the reliability of its long-term cash flow and deliver a superior total return to investors.
Opportunities recently evaluated have included hydro, wind, solar, gas cogeneration, biomass and geothermal power generation opportunities as well as an airport, toll roads, utilities and public-private partnership projects, including both development projects and operating assets.