Atrium Mortgage Investment Corporation Announces August 2023 Dividend

Rhea-AI Summary

Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for August 2023. The dividend will be paid on September 12, 2023, to shareholders of record on August 31, 2023. Atrium pays monthly dividends at an annual rate of $0.90 per share. Shareholders can also participate in the dividend reinvestment plan (DRIP) to reinvest their dividends at a 2% discount from market price and with no commissions.

Toronto, Ontario--(Newsfile Corp. - August 9, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of August 2023 of $0.075 per common share, to be paid September 12, 2023 to shareholders of record August 31, 2023.

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 
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/176607

FAQ

What is the dividend declared by Atrium Mortgage Investment Corporation for August 2023?

Atrium has declared a dividend of $0.075 per common share for August 2023.

When will the dividend be paid?

The dividend will be paid on September 12, 2023.

Who are eligible to receive the dividend?

Shareholders of Atrium on record as of August 31, 2023, are eligible to receive the dividend.

What is the annual dividend rate for Atrium Mortgage Investment Corporation?

Atrium pays monthly dividends at an annual rate of $0.90 per share.

What is the dividend reinvestment plan (DRIP) offered by Atrium?

Atrium offers a DRIP that allows shareholders to reinvest their dividends in new shares of Atrium at a 2% discount from market price and with no commissions.

How can shareholders enroll in the DRIP program?

Shareholders can enroll in the DRIP program by contacting their investment advisor.