Atrium Mortgage Investment Corporation Announces April 2017 Dividend
03 Avril 2017 - 4:08PM
Atrium Mortgage Investment Corporation (TSX:AI) is pleased to
announce that its board of directors has declared a dividend for
the month of April 2017 of $0.073333 per common share, to be paid
May 12, 2017 to shareholders of record April 28, 2017.
Atrium pays monthly dividends currently at an
annual rate of $0.88 per share, plus a special dividend to
shareholders of record at year-end to top-up the total dividends so
that they equal its earnings in the 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% 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 advisor.
About Atrium
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 Income Tax Act (Canada), 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 December 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. For further information, please refer
to regulatory filings available at www.sedar.com or Atrium’s
website at www.atriummic.com.
For further information, please contact
Robert G. Goodall
President and Chief Executive Officer
Jeffrey D. Sherman
Chief Financial Officer
(416) 867-1053
info@atriummic.com
www.atriummic.com
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