American Church Mortgage Company Declares Fourth Quarter Dividend
January 20 2005 - 3:13PM
PR Newswire (US)
American Church Mortgage Company Declares Fourth Quarter Dividend
MINNETONKA, Minn., Jan. 20 /PRNewswire-FirstCall/ -- American
Church Mortgage Company ("ACMC") (Pink Sheets: ACMC), Minnetonka,
Minnesota, announced today the declaration by its Board of
Directors of a shareholder dividend for its fourth quarter ended
December 31, 2004 of $.1875 per share, representing an annualized
dividend yield of 7.50%. Total dividends for 2004 were $0.66875 per
share, representing an annualized dividend yield of 6.6875%. The
dividend will be paid on January 31, 2005 to shareholders of record
as of December 31, 2004. Total revenues for the fourth quarter were
$842,163, up from $697,113 for the fourth quarter of 2003. Overall
for 2004, revenues increased by 28% and earnings by 23% over 2003.
The Company operates as a real estate investment trust and revenues
of the Company are derived primarily from interest income earned
from loans to churches and other non-profit religious
organizations. On October 7, 2004, American Church Mortgage Company
commenced a public offering of $23,000,000 of Series "B" Investor
Saver Certificates. The offering is being conducted by American
Investors Group, Inc., Minnetonka, Minnesota on a best efforts
basis. For more complete information about ACMC's public offering,
including charges and expenses, a Prospectus may be obtained from
American Investors Group, Inc., 10237 Yellow Circle Drive,
Minnetonka, Minnesota 55343 or by calling (800) 815-1175 extension
134. Investors are encouraged to carefully read the Prospectus
before investing and forwarding funds. Information concerning ACMC
is available on its website, http://www.church-loans.net/ or by
calling (800) 815-1175 extension 124. DATASOURCE: American Church
Mortgage Company CONTACT: Scott J. Marquis, Vice President of
American Church Mortgage Company, +1-952-945-9455 x124 Web Site:
http://www.church-loans.net/
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