Toronto, Ontario--(Newsfile Corp. - January 4, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce its regular monthly dividend policy for 2024 at an annual rate of $0.90 per share, payable at a monthly rate of $0.075 per share.
Each dividend is payable after it is declared by Atrium's board of directors. Atrium's board of directors has declared a dividend for the month of January 2024 of $0.075 per common share, to be paid February 13, 2024 to shareholders of record January 31, 2024.
Atrium will also pay a special dividend to shareholders of record December 29, 2023 to pay out the surplus between taxable income for 2023 and dividends previously distributed. The amount of the special dividend will be announced when Atrium releases its results for the year ended December 31, 2023 on February 15, 2024.
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.sedarplus.ca or Atrium's website at www.atriummic.com.
For further information, please contact
Robert G. Goodall
President and Chief Executive Officer
John Ahmad
Chief Financial Officer
(416) 867-1053
info@atriummic.com
www.atriummic.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193196
SOURCE: Atrium Mortgage Investment Corporation
