Toronto, Ontario--(Newsfile Corp. - October 2, 2017) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of October 2017 of $0.073333 per common share, to be paid November 13, 2017 to shareholders of record October 31, 2017.
Atrium declared a regular dividend of $0.073333 per share every month during 2017. Since listing on the Toronto Stock Exchange in 2012, Atrium has increased its regular and bonus dividends every year:
|Year||Regular dividend||Bonus dividend||Total dividends paid||Earnings per share (basic)|
|2017||$0.88||to be determined|
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. 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.
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 Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders within 90 days after December 31 each year. Such dividends are taxed 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 additional information, please contact
Robert G. Goodall
President and Chief Executive Officer
Jeffrey D. Sherman
Chief Financial Officer
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