Mr. Robert Goodall reports
ATRIUM MORTGAGE INVESTMENT CORPORATION ANNOUNCES MAY 2024 DIVIDEND AND Q1 2024 INVESTOR CONFERENCE CALL DETAILS
Atrium Mortgage Investment Corp.'s board of directors has declared a dividend for the month of May, 2024, of 7.5 cents per common share, to be paid June 12, 2024, to shareholders of record May 31, 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.
Atrium will be releasing its financial results for the three months ended March 31, 2024, at the end of the day on Tuesday, May 14, 2024.
Interested parties are invited to participate in a conference call with management on Wednesday, May 15, 2024, at 4 p.m. ET, to discuss the results.
To participate or listen to the conference call live, please call 1-833-491-0507 (call topic: first quarter results). For a replay of the conference call (available until May 28, 2024), please call 1-833-607 0619, passcode 6057203 followed by the number sign.
Shareholders are reminded that Atrium offers a dividend reinvestment plan 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 assumptions.
Atrium is a mortgage investment corporation 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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