Atrium Mortgage Investment Corporation Announces February 2024 Dividend and 2023 Year End Investor Conference Call Details

Rhea-AI Summary

Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for February 2024, with an annual rate of $0.90 per share. They also offer a special dividend at year end if declared dividends are less than taxable income. The company will release its financial results for the year ended December 31, 2023 on February 15, 2024, with a conference call scheduled for February 16, 2024. Atrium also provides a dividend reinvestment plan (DRIP) at a 2% discount from market price and with no commissions, allowing shareholders to reinvest their dividends in new shares of Atrium.

Toronto, Ontario--(Newsfile Corp. - February 2, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of February 2024 of $0.075 per common share, to be paid March 12, 2024 to shareholders of record February 29, 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. The amount of the special dividend is announced when Atrium releases its year end results.

Atrium will be releasing its financial results for the year ended December 31, 2023 at the end of the day on Thursday, February 15, 2024.

Interested parties are invited to participate in a conference call with management on Friday, February 16, 2024 at 9:00 a.m. ET to discuss the results.

To participate or listen to the conference call live, please call 1-833-491-0507 (call topic: Fourth quarter results). For a replay of the conference call (available until February 20, 2024) please call 1-833-607-0619, password 9177343 #.

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/196648

FAQ

What is the dividend amount declared for February 2024?

The dividend declared for February 2024 is $0.075 per common share.

When will the dividend be paid to shareholders of record?

The dividend will be paid on March 12, 2024 to shareholders of record as of February 29, 2024.

What is the annual rate of dividends per share?

The annual rate of dividends per share is $0.90.

What is the special dividend offered to shareholders of record at year end?

A special dividend is offered to shareholders of record at year end in the event the declared dividends are less than taxable income for that fiscal year.

When will Atrium release its financial results for the year ended December 31, 2023?

Atrium will release its financial results on February 15, 2024.

When is the conference call to discuss the financial results?

The conference call is scheduled for February 16, 2024 at 9:00 a.m. ET.

Does Atrium offer a dividend reinvestment plan (DRIP)?

Yes, Atrium offers a dividend reinvestment plan (DRIP) that allows shareholders to automatically 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.