Atrium Mortgage Investment Corporation Announces December 2015 Dividends and 2016 Reporting Dates
December 01 2015 - 10:21AM
Atrium Mortgage Investment Corporation (TSX:AI) is pleased to
announce that its board of directors has declared a dividend for
the month of December 2015 of $0.07 per common share, to be paid
January 12, 2016 to shareholders of record December 31, 2015. For
December, Atrium will pay this monthly dividend plus an additional
special dividend payable on February 29, 2016 to shareholders of
record at December 31, 2015, to top-up total dividends so that they
equal earnings during 2015. The amount of the special dividend will
be determined when Atrium announces its total 2015 earnings on
February 9, 2016.
For the convenience of shareholders, following are the expected
dates that financial results will be released by the company during
2016: Q4 (year-end) 2015 on February 9, 2016, Q1 2016 on April 20,
2016, Q2 on July 21, 2016, and Q3 on October 20, 2016. Results are
released after market close, and a conference call for investors is
normally scheduled for 4:00 p.m. (Eastern Time) the following
day.
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: 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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