Atrium Mortgage Investment Corporation Announces February 2025 Dividend

Rhea-AI Summary

Atrium Mortgage Investment (TSX: AI) has declared its February 2025 dividend of $0.0775 per common share, payable on March 12, 2025, to shareholders of record as of February 28, 2025. The company maintains monthly dividends at an annual rate of $0.93 per share.

Additionally, Atrium will distribute a special dividend to shareholders of record on December 31, 2024, to be paid in Q1 2025. The special dividend amount will be announced with the 2024 financial results. The company offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to automatically reinvest dividends in new shares at a 2% market price discount without commissions.

Positive

• Regular monthly dividend of $0.0775 per share maintained
• Additional special dividend planned for Q1 2025
• DRIP program offers 2% discount on market price
• No commission charges on DRIP participation

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - February 5, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of February 2025 of $0.0775 per common share, to be paid March 12, 2025 to shareholders of record February 28, 2025.

Atrium pays monthly dividends currently at an annual rate of $0.93 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. For fiscal 2024, Atrium will pay a special dividend to shareholders of record December 31, 2024 within the first quarter of 2025. The amount of the special dividend will be announced when Atrium releases its 2024 financial results.

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/239715

FAQ

What is Atrium Mortgage Investment's (TSX: AI) dividend amount for February 2025?

Atrium Mortgage Investment's dividend for February 2025 is $0.0775 per common share.

When will Atrium Mortgage Investment pay its February 2025 dividend?

The February 2025 dividend will be paid on March 12, 2025, to shareholders of record as of February 28, 2025.

What is Atrium Mortgage Investment's annual dividend rate for 2025?

Atrium Mortgage Investment's current annual dividend rate is $0.93 per share.

What discount does Atrium's DRIP program offer to shareholders?

Atrium's Dividend Reinvestment Plan (DRIP) offers a 2% discount from market price with no commissions.

When will Atrium announce its special dividend for 2024?

Atrium will announce the special dividend amount when it releases its 2024 financial results, with payment scheduled for Q1 2025.