Atrium Mortgage Investment Corporation Announces November 2024 Dividend and Q3 2024 Investor Conference Call Details

Rhea-AI Summary

Atrium Mortgage Investment (TSX: AI) has declared a monthly dividend of $0.075 per common share for November 2024, payable December 12, 2024, to shareholders of record November 29, 2024. The company maintains an annual dividend rate of $0.90 per share, with potential special dividends at year-end. The company will release Q3 2024 financial results on November 13, 2024, followed by a conference call on November 14. Shareholders can participate in a dividend reinvestment plan (DRIP) offering a 2% discount from market price with no commissions.

Positive

• Monthly dividend maintained at $0.075 per share ($0.90 annual rate)
• Offers DRIP program with 2% market price discount
• Potential additional special dividend at year-end

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - November 4, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of November 2024 of $0.075 per common share, to be paid December 12, 2024 to shareholders of record November 29, 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.

Atrium will be releasing its financial results for the quarter ended September 30, 2024 at the end of the day on Wednesday, November 13, 2024.

Interested parties are invited to participate in a conference call with management on Thursday, November 14, 2024 at 4:00 p.m. ET to discuss the results.

To participate or listen to the conference call live, please call 1 (833) 491-0507 (call topic: Third quarter results).

For a replay of the conference call (available until November 27, 2024) please call 1 (833) 607-0619, passcode 7754991 #.

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/228774

FAQ

What is Atrium Mortgage Investment 's dividend amount for November 2024?

Atrium Mortgage Investment (TSX: AI) declared a dividend of $0.075 per common share for November 2024.

When will Atrium Mortgage Investment pay its November 2024 dividend?

The November 2024 dividend will be paid on December 12, 2024, to shareholders of record as of November 29, 2024.

What is the annual dividend rate for Atrium Mortgage Investment in 2024?

Atrium Mortgage Investment maintains an annual dividend rate of $0.90 per share, paid monthly at $0.075 per share.

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

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