American Church Mortgage Company Declares First Quarter Dividend
April 14 2011 - 1:51PM
Marketwired
AMERICAN CHURCH MORTGAGE COMPANY ("ACMC")
(PINKSHEETS: ACMC), Minnetonka, Minnesota, announced the
declaration by its Board of Directors of a shareholder dividend for
its first quarter ended March 31, 2011 of $.11 per share.
The dividend is to be paid on April 29, 2011 to shareholders of
record as of April 26, 2011. Total revenues for the first quarter
of 2011 were $788,524, versus $904,554 for the first quarter of
2010. Earnings before items were $.11 per share versus $.13 per
share for the first quarter ended March 31, 2011 and 2010,
respectively. 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 April 1, 2009, American Church Mortgage Company registered a
public offering of $20,000,000 of Series "C" Secured Investor
Certificates with the SEC. 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,
www.church-loans.net or by calling (800) 815-1175 extension
127.
Contact: Scott Marquis CFO (952) 252-0909
American Church Mortgage (CE) (USOTC:ACMC)
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