Mr. Robert Goodall reports
ATRIUM MORTGAGE INVESTMENT CORPORATION ANNOUNCES ITS MONTHLY REGULAR DIVIDEND
Atrium Mortgage Investment Corp. has declared its regular monthly dividend policy for 2024 at an annual rate of 90 cents per share, payable at a monthly rate of 7.5 cents per share.
Each dividend is payable after it is declared by Atrium's board of directors. Atrium's board of directors has declared a dividend for the month of January, 2024, of 7.5 cents per common share, to be paid on Feb. 13, 2024, to shareholders of record on Jan. 31, 2024.
Atrium will also pay a special dividend to shareholders of record on Dec. 29, 2023, to pay out the surplus between taxable income for 2023 and dividends previously distributed. The amount of the special dividend will be announced when Atrium releases its results for the year ended Dec. 31, 2023, on Feb. 15, 2024.
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 discount of 2 per cent from the 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.
Canada's Premier Non-Bank Lender
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 parameters.
Atrium is a mortgage investment corporation (MIC) as defined in the Canada Income Tax Act, so that 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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