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Atrium Mortgage Investment Corporation Announces Change in Finance Department Leadership and March 2025 Dividend

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Atrium Mortgage Investment (TSX: AI) announced that CFO John Ahmad will step down on March 31, 2025, to pursue a role at a consumer finance company. Razvan Vulcu, VP Finance and former PwC professional, will serve as interim CFO during the search for a permanent replacement.

The company declared a monthly dividend of $0.0775 per common share for March 2025, payable on April 11, 2025, to shareholders of record on March 31, 2025. The current annual dividend rate is $0.93 per share, with potential additional special dividends at year-end if declared dividends are below taxable income.

Shareholders can participate in the company's Dividend Reinvestment Plan (DRIP), which offers automatic dividend reinvestment in new shares at a 2% discount from market price with no commissions.

Atrium Mortgage Investment (TSX: AI) ha annunciato che il CFO John Ahmad si dimetterà il 31 marzo 2025 per intraprendere un ruolo presso un'azienda di finanziamento al consumo. Razvan Vulcu, VP Finanza e ex professionista di PwC, fungerà da CFO ad interim durante la ricerca di un sostituto permanente.

La società ha dichiarato un dividendo mensile di $0.0775 per azione ordinaria per marzo 2025, pagabile l'11 aprile 2025, agli azionisti registrati al 31 marzo 2025. L'attuale tasso di dividendo annuale è di $0.93 per azione, con potenziali dividendi speciali aggiuntivi a fine anno se i dividendi dichiarati sono inferiori al reddito imponibile.

Gli azionisti possono partecipare al Piano di Reinvestimento dei Dividendi (DRIP) della società, che offre il reinvestimento automatico dei dividendi in nuove azioni con uno sconto del 2% sul prezzo di mercato e senza commissioni.

Atrium Mortgage Investment (TSX: AI) anunció que el CFO John Ahmad renunciará el 31 de marzo de 2025 para asumir un cargo en una empresa de financiamiento al consumidor. Razvan Vulcu, VP de Finanzas y ex profesional de PwC, servirá como CFO interino durante la búsqueda de un reemplazo permanente.

La compañía declaró un dividendo mensual de $0.0775 por acción ordinaria para marzo de 2025, pagadero el 11 de abril de 2025, a los accionistas registrados al 31 de marzo de 2025. La tasa actual de dividendo anual es de $0.93 por acción, con posibles dividendos especiales adicionales a fin de año si los dividendos declarados son inferiores a los ingresos imponibles.

Los accionistas pueden participar en el Plan de Reintegro de Dividendos (DRIP) de la compañía, que ofrece reinversión automática de dividendos en nuevas acciones con un descuento del 2% sobre el precio de mercado y sin comisiones.

아트리움 모기지 투자 (TSX: AI)는 CFO 존 아흐마드가 2025년 3월 31일에 소비자 금융 회사에서의 역할을 위해 사임할 것이라고 발표했습니다. 라즈반 불쿠, 재무 부사장 및 전 PwC 전문가가 영구 대체자를 찾는 동안 임시 CFO로 활동할 것입니다.

회사는 2025년 3월에 대해 보통주당 월 배당금 $0.0775를 선언했으며, 이는 2025년 4월 11일에 2025년 3월 31일 기준 주주에게 지급됩니다. 현재 연간 배당률은 주당 $0.93이며, 선언된 배당금이 과세 소득보다 낮을 경우 연말에 추가 특별 배당금이 있을 수 있습니다.

주주들은 회사의 배당금 재투자 계획(DRIP)에 참여할 수 있으며, 이는 시장 가격의 2% 할인된 가격으로 새로운 주식에 자동으로 배당금을 재투자하며 수수료가 없습니다.

Atrium Mortgage Investment (TSX: AI) a annoncé que le CFO John Ahmad démissionnera le 31 mars 2025 pour poursuivre un rôle dans une entreprise de financement à la consommation. Razvan Vulcu, VP Finance et ancien professionnel de PwC, sera CFO par intérim pendant la recherche d'un remplaçant permanent.

L'entreprise a déclaré un dividende mensuel de 0,0775 $ par action ordinaire pour mars 2025, payable le 11 avril 2025, aux actionnaires enregistrés au 31 mars 2025. Le taux de dividende annuel actuel est de 0,93 $ par action, avec des dividendes spéciaux supplémentaires potentiels à la fin de l'année si les dividendes déclarés sont inférieurs au revenu imposable.

Les actionnaires peuvent participer au Plan de Réinvestissement des Dividendes (DRIP) de l'entreprise, qui offre un réinvestissement automatique des dividendes dans de nouvelles actions avec une remise de 2 % par rapport au prix du marché et sans commissions.

Atrium Mortgage Investment (TSX: AI) gab bekannt, dass CFO John Ahmad am 31. März 2025 zurücktreten wird, um eine Rolle bei einem Verbraucherfinanzierungsunternehmen zu übernehmen. Razvan Vulcu, VP Finanzen und ehemaliger PwC-Experte, wird während der Suche nach einem dauerhaften Nachfolger als interimistischer CFO fungieren.

Das Unternehmen erklärte eine monatliche Dividende von $0.0775 pro Stammaktie für März 2025, die am 11. April 2025 an die zum 31. März 2025 registrierten Aktionäre ausgezahlt wird. Der aktuelle jährliche Dividendenbetrag beträgt $0.93 pro Aktie, mit möglichen zusätzlichen Sonderdividenden am Jahresende, wenn die erklärten Dividenden unter dem zu versteuernden Einkommen liegen.

Aktionäre können am Dividenden-Reinvestitionsplan (DRIP) des Unternehmens teilnehmen, der eine automatische Reinvestition der Dividenden in neue Aktien mit einem Rabatt von 2 % vom Marktpreis und ohne Provisionen bietet.

Positive
  • Consistent dividend payment maintained at $0.93 annual rate
  • 2% discount offered on DRIP program for shareholders
  • Potential additional special dividend at year-end
Negative
  • CFO departure could create temporary leadership gap
  • Interim CFO arrangement indicates uncertainty in financial leadership

Toronto, Ontario--(Newsfile Corp. - March 17, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) announces that John Ahmad will step down as CFO effective March 31, 2025 to assume a finance executive role at a consumer finance company.

Robert Goodall, CEO of Atrium, stated, "John joined Atrium and its manager, Canadian Mortgage Capital Corporation ("CMCC") in late 2022 and was quick to learn about our business and markets. He played a key role in navigating through the downturn in the credit cycle through his diligent analysis and detailed reporting. He led finance, administrative, and operations functions and has contributed across various facets of the business including debt refinancings, our latest equity offering, investor relations, and reporting enhancements. I want to thank John for his efforts and wish him the best in the next chapter in his career."

"Razvan Vulcu, VP Finance will assume the role of interim CFO while a search is undertaken and a replacement is appointed. Razvan joined Atrium and CMCC in 2021 after working at PwC in Toronto. He is a qualified CPA and holds a Bachelor of Commerce from Queens University."

Atrium is also pleased to announce that its board of directors has declared a dividend for the month of March 2025 of $0.0775 per common share, to be paid April 11, 2025 to shareholders of record March 31, 2025.

Atrium pays monthly dividends currently at an annual rate of $0.93 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/244837

FAQ

What is the March 2025 dividend amount for Atrium Mortgage Investment (AMIVF) shareholders?

Atrium will pay $0.0775 per common share for March 2025, with payment on April 11, 2025, to shareholders of record March 31, 2025.

What benefits does Atrium's DRIP program offer to AMIVF shareholders?

The DRIP program allows automatic dividend reinvestment in new shares at a 2% market price discount with no commissions.

Who will replace John Ahmad as CFO of Atrium Mortgage Investment (AMIVF)?

Razvan Vulcu, VP Finance, will serve as interim CFO while the company searches for a permanent replacement.

What is the current annual dividend rate for AMIVF shares?

The current annual dividend rate is $0.93 per share, plus potential special year-end dividends if declared dividends are less than taxable income.
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