Atrium Mortgage Investment Corporation Announces Its Monthly Regular Dividend

Rhea-AI Summary

Atrium Mortgage Investment Corporation (TSX: AI) announces its regular monthly dividend policy for 2024, with an annual rate of $0.90 per share and a monthly rate of $0.075 per share. The board of directors has declared a dividend for January 2024 of $0.075 per common share, payable on February 13, 2024, to shareholders of record on January 31, 2024. A special dividend will also be paid to shareholders of record on December 29, 2023, to distribute the surplus between taxable income for 2023 and previously distributed dividends. The amount of the special dividend will be announced when Atrium releases its 2023 year-end results on February 15, 2024. Atrium offers a dividend reinvestment plan (DRIP) that allows shareholders to reinvest their dividends in new shares at a 2% discount from market price and with no commissions, providing an easy way to realize the benefits of compound growth of their investment in Atrium.

Toronto, Ontario--(Newsfile Corp. - January 4, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce its regular monthly dividend policy for 2024 at an annual rate of $0.90 per share, payable at a monthly rate of $0.075 per share.

Each dividend is payable after it is declared by Atrium's board of directors. Atrium's board of directors has declared a dividend for the month of January 2024 of $0.075 per common share, to be paid February 13, 2024 to shareholders of record January 31, 2024.

Atrium will also pay a special dividend to shareholders of record December 29, 2023 to pay out the surplus between taxable income for 2023 and dividends previously distributed. The amount of the special dividend will be announced when Atrium releases its results for the year ended December 31, 2023 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.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/193196

FAQ

What is Atrium Mortgage Investment Corporation's ticker symbol?

The ticker symbol for Atrium Mortgage Investment Corporation is TSX: AI.

What is the annual rate of Atrium Mortgage Investment Corporation's dividend for 2024?

The annual rate of Atrium Mortgage Investment Corporation's dividend for 2024 is $0.90 per share.

When will the dividend for January 2024 be paid to Atrium Mortgage Investment Corporation shareholders?

The dividend for January 2024 will be paid to Atrium Mortgage Investment Corporation shareholders on February 13, 2024.

Does Atrium Mortgage Investment Corporation offer a dividend reinvestment plan (DRIP)?

Yes, Atrium Mortgage Investment Corporation offers a dividend reinvestment plan (DRIP) that allows shareholders to reinvest their dividends in new shares at a 2% discount from market price and with no commissions.