Atrium Mortgage Investment Corporation Announces November 2023 Dividend and Q3 2023 Investor Conference Call Details

Rhea-AI Summary

Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for November 2023, to be paid on December 12, 2023. The company pays monthly dividends at an annual rate of $0.90 per share. Atrium will release its financial results for the quarter ended September 30, 2023, on November 14, 2023.

Toronto, Ontario--(Newsfile Corp. - November 3, 2023) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of November 2023 of $0.075 per common share, to be paid December 12, 2023 to shareholders of record November 30, 2023.

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.

Atrium will be releasing its financial results for the quarter ended September 30, 2023 at the end of the day on Tuesday, November 14, 2023.

Interested parties are invited to participate in a conference call with management on Wednesday, November 15, 2023 at 4:00 p.m. ET to discuss the results.

To participate or listen to the conference call live, please call 1 (888) 886-7786 or (416) 764-8658, conference ID 97012059.

For a replay of the conference call (available until November 28, 2023) please call 1 (877) 674-6060, conference ID 012059 #.

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/186245

FAQ

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

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

When will the dividend be paid?

The dividend will be paid on December 12, 2023.

What is the annual rate of dividends paid by Atrium?

Atrium pays monthly dividends at an annual rate of $0.90 per share.

When will Atrium release its financial results for the quarter ended September 30, 2023?

Atrium will release its financial results for the quarter ended September 30, 2023, on November 14, 2023.