Newsfile Corp – Tue, May 4, 8:05 am CDT
Toronto, Ontario – (Newsfile Corp. – May 4, 2021) – Atrium Mortgage Investment Corporation (TSX: AI.TO) is pleased to announce that its board of directors declared a dividend for May 2021 of $ 0.075 per common share, to be paid on June 11, 2021 to shareholders registered on May 31, 2021.
Atrium currently pays monthly dividends at an annual rate of $ 0.90 per share, plus a special dividend to shareholders registered at the end of the year, if the declared dividends are less than the taxable income for that fiscal year.
We remind shareholders that Atrium offers a dividend reinvestment plan (DRIP) that allows them to automatically reinvest their dividends into new Atrium shares at a 2% discount on the market price and with no commissions. This provides shareholders with an easy way to reap the benefits of compound growth from their investments in Atrium. Shareholders can enroll in the DRIP program by contacting their investment advisor.
Atrium will release its financial results for the three months ending March 31, 2021 later in the day on Wednesday, May 12, 2021.
Interested parties are invited to attend a conference call with management on Thursday, May 13, 2021 at 4:00 pm. ET to discuss the results. To attend or listen to the live conference call, call 1 (888) 241-0551 or (647) 427-3415, conference ID 5699484.
For a replay of the conference call (available until May 26, 2021), call 1 (855) 859-2056, conference ID 5699484.
Canada’s Premier Non-Bank Lender ™
Atrium is a non-bank provider of residential and commercial mortgages that lends in Canada’s major urban centers, where property stability and liquidity are high. Atrium’s objectives are to provide its shareholders with stable and safe dividends and to preserve equity, lending within conservative risk parameters.
Atrium is a Mortgage Investment Corporation (MIC) as defined in Canada Income tax law therefore, it is not taxed on profit, provided that its taxable profit is paid to its shareholders in the form of dividends within 90 days after December 31 of each year. These 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 more information, see the regulatory documents available at www.sedar.com or the Atrium website at www.atriummic.com .
For more information, please contact
Robert G. Goodall
President and CEO
To view the original version of this press release, visit https://www.newsfilecorp.com/release/82801