Toronto, Ontario – (Newsfile Corp. – August 4, 2021) – Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has announced an August 2021 dividend of $ 0.075 per common share. will be paid on September 14, 2021 to shareholders registered on August 31, 2021.
Atrium currently pays monthly dividends at an annual rate of US $ 0.90 per share, as well as special year-end dividends to registered shareholders in the event that the dividend declared is less than taxable income for that fiscal year.
Shareholders are reminded that Atrium offers a Dividend Reinvestment Plan (DRIP), which allows them to automatically reinvest their dividends in new Atrium shares at a 2% discount off market price and no commissions. This gives shareholders an easy way to reap the benefits of the complex growth of their investment in Atrium. Shareholders can register for the DRIP program by contacting their investment advisor.
About the Atrium
Canada’s premier non-bank lender ™
Atrium is a non-bank provider of residential and commercial mortgages that provides loans in large urban centers in Canada where real estate stability and liquidity is high. Atrium’s objectives are to provide its shareholders with stable and reliable dividends and to preserve equity capital through lending within conservative risk parameters.
Atrium is a Mortgage Investment Corporation (MIC) as defined in Canada. Income tax law, therefore, is not subject to income tax, provided that its taxable income is paid to shareholders in the form of dividends within 90 days after December 31 of each year. Such dividends are usually treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investment made by the company were made directly by the shareholder. For more information, please refer to the regulations available at www.sedar.com or on the Atrium website at www.atriummic.com…
For more information please contact
Robert J. Goodall
President and CEO
Chief Financial Officer
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