ATRIUM MORTGAGE INVST CP - AMIVF STOCK NEWS

Atrium Mortgage Investment announced the election of eight directors at their annual shareholders' meeting held in Toronto on May 15, 2024. Each nominee listed in the management information circular dated March 25, 2024, was elected to serve until the next annual meeting of shareholders. The elected directors and their corresponding votes are: Peter P. Cohos (98.61% for), Robert H. DeGasperis (99.89% for), Robert G. Goodall (99.88% for), Andrew Grant (99.53% for), Maurice (Maish) Kagan (99.82% for), Nancy H.O. Lockhart (98.47% for), Jennifer Scoffield (99.65% for), and Mark L. Silver (98.78% for).

Atrium Mortgage Investment (TSX: AI) announced its financial results for Q1 2024, reporting a net income of $12.0 million, down 15.3% from the previous year. Basic and diluted EPS were $0.27. The mortgage portfolio grew to $886.1 million, a 4.8% increase compared to Q1 2023. The portfolio remained high quality, with 96.7% in first mortgages and an average loan-to-value of 64.0%. Revenues increased by 6.3% to $25.2 million, but the allowance for mortgage losses was raised to $24.9 million (2.81% of the portfolio). Despite a 4.8% portfolio growth, assets declined slightly from $877.9 million to $868.3 million, and mortgages receivable decreased to $867.1 million. The weighted average interest rate on the mortgage portfolio dropped marginally to 11.25% from 11.42%.

Atrium Mortgage Investment (TSX: AI) announced a dividend of $0.075 per common share for May 2024, payable on June 12, 2024. The company pays monthly dividends at an annual rate of $0.90 per share and offers a special dividend if declared dividends are less than taxable income. Financial results for Q1 2024 will be released on May 14, 2024, with a conference call scheduled for May 15, 2024. Atrium also offers a dividend reinvestment plan (DRIP) for shareholders.

Atrium Mortgage Investment (TSX: AI) declares a dividend of $0.075 per common share for April 2024, with a record date of April 30, 2024, and payment on May 10, 2024. The company offers a monthly dividend at an annual rate of $0.90 per share and a special year-end dividend if declared dividends are less than taxable income. Shareholders can participate in a dividend reinvestment plan (DRIP) at a 2% discount to reinvest dividends in new shares.

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.

Atrium Mortgage Investment Corporation (AMIVF) reports record earnings per share and net income for 2023, with a special dividend of $0.29 per share. The company's gross mortgage portfolio increased by 3.2% to $893.6 million. Atrium's high-quality mortgage portfolio consists of 94.6% first mortgages with an average loan-to-value of 61.4%. Richard Munroe has been promoted to President and COO. Financially, Atrium saw a 25.8% revenue increase and a net income rise of 11.1% from the prior year.

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.

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.

Atrium Mortgage Investment Corporation (TSX: AI) declares a dividend of $0.075 per common share for December 2023, with a special dividend to be paid on February 29, 2024. Shareholders of record on December 29, 2023, are eligible. Atrium also offers a dividend reinvestment plan (DRIP) at a 2% discount from market price, providing an opportunity for compound growth.