Mr. Robert Goo reports
ATRIUM MORTGAGE INVESTMENT CORPORATION ANNOUNCES MARCH 2024 DIVIDEND
Atrium Mortgage Investment Corp.'s board of directors has declared a dividend for the month of March, 2024, of 7.5 cents per common share, to be paid April 12, 2024, to shareholders of record March 29, 2024.
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.
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 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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