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TORONTO, Aug. 9, 2018 /CNW/ - Genworth MI Canada Inc. (the "Company") (TSX: MIC) comments on the guideline entitled: "Mortgage Insurer Capital Adequacy Test" ("MICAT") released earlier today by the Office of the Superintendent of Financial Institutions ("OSFI"). The new guideline consolidates OSFI's current capital requirements for mortgage insurers into a single document, incorporating elements from OSFI's January 1, 2017 advisory, on "Capital Requirements for Federally Regulated Mortgage Insurers" and relevant chapters of the "2018 Minimum Capital Test for Federally Regulated Property and Casualty Insurance Companies".

The Board of Directors of Genworth MI Canada Inc. (the "Company") (TSX: MIC) today announced that it has authorized and declared a dividend of $0.47 per common share for the third quarter of 2018. This dividend will be paid on August 30, 2018, to shareholders of record at the close of business on August 13, 2018.