Atrium Mortgage Investment Corporation Announces March 2016 Dividend
March 09 2016 - 7:46PM
Atrium Mortgage Investment Corporation (TSX:AI) is pleased to
announce that its board of directors has declared a dividend for
the month of March 2016 of $0.071667 per common share, to be paid
April 12, 2016 to shareholders of record March 31, 2016.
Atrium pays monthly dividends currently at an
annual rate of $0.86 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.
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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