22:33:36 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Atrium Mortgage Investment Corp
Symbol AI
Shares Issued 43,744,436
Close 2023-08-09 C$ 11.31
Market Cap C$ 494,749,571
Recent Sedar Documents

Atrium to pay 7.5-cent August dividend Sept. 12

2023-08-09 17:51 ET - News Release

Mr. Robert Goodall reports

ATRIUM MORTGAGE INVESTMENT CORPORATION ANNOUNCES AUGUST 2023 DIVIDEND

Atrium Mortgage Investment Corp.'s board of directors has declared a dividend for the month of August, 2023, of 7.5 cents per common share, to be paid Sept. 12, 2023, to shareholders of record on Aug. 31, 2023.

Atrium pays monthly dividends currently at an annual rate of 90 cents per share, plus a special dividend to shareholders of record at year-end in the event the dividends declared are less than taxable income for that fiscal year.

Shareholders are reminded that Atrium offers a dividend reinvestment plan (DRIP) that allows them to automatically reinvest their dividends in new shares of Atrium at a 2-per-cent discount from market price and with no commissions. This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium. Shareholders can enroll in the DRIP program by contacting their investment adviser.

About Atrium Mortgage Investment Corp.

Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium's objectives are to provide its shareholders with stable and secure dividends and preserve shareholders equity by lending within conservative risk limits.

Atrium is a mortgage investment corporation (MIC) as defined in the Canada Income Tax Act, so it is not taxed on income, provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after Dec. 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder.

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