July 4, 2024 5:00 PM EDT | Source: Atrium Mortgage Investment Corporation
Toronto, Ontario–(Newsfile Corp. – July 4, 2024) – Atrium Mortgage Investment Corporation (TSX: AI) announces that its Board of Directors has declared a July 2024 dividend of $0.075 per common share, payable on August 13, 2024 to shareholders of record on July 31, 2024 .
Atrium currently pays a monthly dividend of $0.90 per share per year and also pays a special dividend to shareholders of record at year-end if dividends declared are less than taxable income for that fiscal year.
For shareholders, Atrium offers a Dividend Reinvestment Plan (DRIP) that allows shareholders to automatically reinvest their dividends into new Atrium shares at a 2% discount below market price and with no fees. This makes it easy for shareholders to realize the benefits of compounded growth on their investment in Atrium. Shareholders can enroll in the DRIP program by contacting their investment advisor.
About Atrium
Canada's Premier Non-Bank Lenderâ„¢
Atrium is a non-bank financial institution that lends residential and commercial loans in major Canadian cities where real estate is stable and liquid. Atrium's goal is to provide stable and secure dividends to shareholders and protect shareholder capital by lending within conservative risk parameters.
Atrium is a mortgage investment company (MIC) as that term is defined under the Canada Income Tax Act and is therefore not subject to income tax so long as taxable income is paid to shareholders in the form of dividends within 90 days after December 31 of 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 more information, please refer to regulatory filings available at www.sedarplus.ca or on Atrium's website at www.atriummic.com.
For more information,
Robert G. Goodall
chief executive officer
John Ahmad
CFO
(416) 867-1053
inquiry
home page
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Source: Atrium Mortgage Investment Corporation