Atrium Mortgage Investment Corporation Announces March 2024 Dividend

Rhea-AI Summary

Atrium Mortgage Investment Corporation (AI) declares a dividend of $0.075 per share for March 2024, with an annual rate of $0.90 per share. Shareholders of record on March 29, 2024, will receive the payment on April 12, 2024. Atrium also offers a dividend reinvestment plan (DRIP) at a 2% discount from market price.

Toronto, Ontario--(Newsfile Corp. - March 5, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of March 2024 of $0.075 per common share, to be paid April 12, 2024 to shareholders of record March 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.

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. Goo
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/200461

FAQ

What is the dividend amount declared by Atrium Mortgage Investment Corporation (AI) for March 2024?

Atrium declared a dividend of $0.075 per common share for March 2024.

When will the dividend be paid to shareholders of Atrium Mortgage Investment Corporation (AI) for March 2024?

Shareholders of record on March 29, 2024, will receive the dividend payment on April 12, 2024.

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

Yes, Atrium offers a dividend reinvestment plan (DRIP) that allows shareholders to reinvest their dividends in new shares at a 2% discount from market price.