Atrium Mortgage Investment Corporation Announces December 2023 Dividend

Rhea-AI Summary

Atrium Mortgage Investment Corporation (TSX: AI) declares a dividend of $0.075 per common share for December 2023, with a special dividend to be paid on February 29, 2024. Shareholders of record on December 29, 2023, are eligible. Atrium also offers a dividend reinvestment plan (DRIP) at a 2% discount from market price, providing an opportunity for compound growth.

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• Atrium Mortgage Investment Corporation declares dividends for December 2023, showing commitment to shareholder value.
• The DRIP program offers an easy way for shareholders to reinvest dividends at a 2% discount, promoting long-term investment growth.

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Toronto, Ontario--(Newsfile Corp. - December 5, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of December 2023 of $0.075 per common share, to be paid January 12, 2024 to shareholders of record December 29, 2023. In addition, Atrium will pay a special dividend on February 29, 2024 to shareholders of record December 29, 2023. The amount of the special dividend will be determined when Atrium announces its 2023 results on February 15, 2024.

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.sedar.com 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/189880

FAQ

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

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

When will the dividend be paid to shareholders?

The dividend will be paid on January 12, 2024, to shareholders of record on December 29, 2023.

Is there a special dividend being offered by Atrium Mortgage Investment Corporation?

Yes, a special dividend will be paid on February 29, 2024, to shareholders of record on December 29, 2023.

What is the benefit of Atrium's dividend reinvestment plan (DRIP)?

The DRIP program allows shareholders to reinvest their dividends in new shares at a 2% discount from market price and with no commissions, promoting compound growth of their investment.

How can shareholders enroll in Atrium's DRIP program?

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