Atrium Mortgage Investment Corporation Announces April 2024 Dividend

Rhea-AI Summary

Atrium Mortgage Investment (TSX: AI) declares a dividend of $0.075 per common share for April 2024, with a record date of April 30, 2024, and payment on May 10, 2024. The company offers a monthly dividend at an annual rate of $0.90 per share and a special year-end dividend if declared dividends are less than taxable income. Shareholders can participate in a dividend reinvestment plan (DRIP) at a 2% discount to reinvest dividends in new shares.

Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of April 2024 of $0.075 per common share, to be paid May 10, 2024 to shareholders of record April 30, 2024.

Atrium pays monthly dividends currently at an annual rate of $0.90 per share, plus a special dividend to shareholders of record at year-end in the event the dividends declared are less than taxable income for that fiscal year.

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
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/204292

FAQ

What dividend has Atrium Mortgage Investment declared for April 2024?

Atrium Mortgage Investment has declared a dividend of $0.075 per common share for April 2024.

When will the dividend be paid to shareholders of Atrium Mortgage Investment ?

The dividend will be paid on May 10, 2024, to shareholders of record as of April 30, 2024.

What is the annual rate of dividends per share offered by Atrium Mortgage Investment ?

Atrium Mortgage Investment offers a monthly dividend at an annual rate of $0.90 per share.

Does Atrium Mortgage Investment provide a special dividend to shareholders?

Atrium Mortgage Investment provides a special year-end dividend to shareholders if declared dividends are less than taxable income for the fiscal year.

How can shareholders participate in the dividend reinvestment plan (DRIP) of Atrium Mortgage Investment ?

Shareholders can enroll in the DRIP program by contacting their investment advisor to reinvest dividends in new shares at a 2% discount from market price and with no commissions.