Atrium Mortgage Investment Corporation Announces October 2024 Dividend

Rhea-AI Summary

Atrium Mortgage Investment (TSX: AI) has announced a dividend for October 2024. The board of directors has declared a dividend of $0.075 per common share, payable on November 13, 2024, to shareholders of record as of October 31, 2024. Atrium currently pays monthly dividends at an annual rate of $0.90 per share.

Additionally, Atrium offers a dividend reinvestment plan (DRIP) allowing shareholders to automatically reinvest their dividends in new Atrium shares at a 2% discount from market price, with no commissions. This provides an opportunity for compound growth of investment in Atrium. Shareholders can enroll in the DRIP program by contacting their investment advisor.

Positive

• Regular monthly dividend of $0.075 per share
• Annual dividend rate of $0.90 per share
• Dividend reinvestment plan (DRIP) offered at 2% discount from market price
• No commissions on DRIP participation

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• None.

Toronto, Ontario--(Newsfile Corp. - October 3, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of October 2024 of $0.075 per common share, to be paid November 13, 2024 to shareholders of record October 31, 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. 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/225452

FAQ

What is the October 2024 dividend amount for Atrium Mortgage Investment (TSX: AMIVF)?

Atrium Mortgage Investment has declared a dividend of $0.075 per common share for October 2024.

When will Atrium Mortgage Investment (TSX: AMIVF) pay its October 2024 dividend?

The October 2024 dividend will be paid on November 13, 2024, to shareholders of record as of October 31, 2024.

What is the current annual dividend rate for Atrium Mortgage Investment (TSX: AMIVF)?

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

Does Atrium Mortgage Investment (TSX: AMIVF) 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 at a 2% discount from market price with no commissions.