Atrium Mortgage Investment Corporation Announces Election of Directors

Rhea-AI Summary

Atrium Mortgage Investment announced the election of eight directors at their annual shareholders' meeting held in Toronto on May 15, 2024. Each nominee listed in the management information circular dated March 25, 2024, was elected to serve until the next annual meeting of shareholders. The elected directors and their corresponding votes are: Peter P. Cohos (98.61% for), Robert H. DeGasperis (99.89% for), Robert G. Goodall (99.88% for), Andrew Grant (99.53% for), Maurice (Maish) Kagan (99.82% for), Nancy H.O. Lockhart (98.47% for), Jennifer Scoffield (99.65% for), and Mark L. Silver (98.78% for).

Positive

• All eight director nominees were elected with a substantial majority, indicating strong shareholder support.
• High approval percentages, with most directors receiving above 98% of votes in favor, reflecting investor confidence in the current board's governance.

Negative

• No new directors were introduced, which might be seen as a lack of fresh perspectives or innovative strategies for Atrium Mortgage Investment

Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: AI.DB.C) (TSX: AI.DB.D) (TSX: AI.DB.E) (TSX: AI.DB.F) (TSX: AI.DB.G) today announced that at its annual meeting of shareholders, held in Toronto earlier today, each of the eight director nominees listed in its management information circular dated March 25, 2024 was elected as a director. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote for the election of directors of Atrium is set out below:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Peter P. Cohos	11,022,798	98.61%	154,968	1.39%
Robert H. DeGasperis	11,165,050	99.89%	12,716	0.11%
Robert G. Goodall	11,164,700	99.88%	13,066	0.12%
Andrew Grant	11,125,140	99.53%	52,626	0.47%
Maurice (Maish) Kagan	11,157,408	99.82%	20,358	0.18%
Nancy H.O. Lockhart	11,006,901	98.47%	170,865	1.53%
Jennifer Scoffield	11,138,822	99.65%	38,944	0.35%
Mark L. Silver	11,040,993	98.78%	136,773	1.22%

 

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 Income Tax Act (Canada), 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/209292

FAQ

What was the date of Atrium Mortgage Investment 's annual meeting in 2024?

The annual meeting was held on May 15, 2024.

Who was elected as a director of Atrium Mortgage Investment on May 15, 2024?

The elected directors are Peter P. Cohos, Robert H. DeGasperis, Robert G. Goodall, Andrew Grant, Maurice (Maish) Kagan, Nancy H.O. Lockhart, Jennifer Scoffield, and Mark L. Silver.

What was the vote percentage for Peter P. Cohos?

Peter P. Cohos received 98.61% of votes in favor.

What is the stock symbol for Atrium Mortgage Investment ?

The stock symbol is AMIVF.

When is the term end for the newly elected directors of Atrium Mortgage Investment ?

The directors will serve until the close of the next annual meeting of shareholders.