Atrium Mortgage Investment Corporation Announces May 2015 Dividend
May 04 2015 - 9:54AM
Atrium Mortgage Investment Corporation (TSX:AI) is pleased to
announce that its board of directors has declared a dividend for
the month of May 2015 of $0.07 per common share, to be paid June
12, 2015 to shareholders of record May 29, 2015.
Atrium pays monthly dividends currently at an annual rate of
$0.84 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 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 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.
CONTACT: Robert G. Goodall
President and Chief Executive Officer
Jeffrey D. Sherman
Chief Financial Officer
(416) 607-4200
ir@atriummic.com
www.atriummic.com
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