Atrium Mortgage Investment Corporation Announces Its Monthly Regular Dividend
Atrium Mortgage Investment has announced its regular monthly dividend policy for 2025, setting an annual rate of $0.93 per share, payable monthly at $0.0775 per share.
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Rhea-AI Summary
Atrium Mortgage Investment has announced its regular monthly dividend policy for 2025, setting an annual rate of $0.93 per share, payable monthly at $0.0775 per share. This represents a 3.3% increase from the previous annual rate of $0.90 per share. The January 2025 dividend will be paid on February 12, 2025, to shareholders of record as of January 31, 2025.
Additionally, the company will pay a special dividend to shareholders of record December 31, 2024, to distribute the surplus between 2024 taxable income and previously distributed dividends. The special dividend amount will be announced with the 2024 year-end results. Shareholders can participate in the dividend reinvestment plan (DRIP), allowing automatic dividend reinvestment in new shares at a 2% market price discount without commissions.
Positive
- 3.3% increase in annual dividend rate from $0.90 to $0.93 per share
- Additional special dividend announcement pending for 2024
- DRIP program offers 2% discount on market price with no commissions
Negative
- None.
Details
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Toronto, Ontario--(Newsfile Corp. - January 6, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce its regular monthly dividend policy for 2025 at an annual rate of
Each dividend is payable after it is declared by Atrium's board of directors. Atrium's board of directors has declared a dividend for the month of January 2025 of
Atrium will also pay a special dividend to shareholders of record December 31, 2024 to pay out the surplus between taxable income for 2024 and dividends previously distributed. The amount of the special dividend will be announced when Atrium releases its results for the year ended December 31, 2024.
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
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/236131
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