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Atrium Mortgage Investment Corp T.AI

Alternate Symbol(s):  AMIVF | T.AI.DB.C | T.AI.DB.D | T.AI.DB.E | T.AI.DB.F | T.AI.DB.G

Atrium Mortgage Investment Corporation is a non-bank lender, which provides financing solutions to commercial real estate and development communities in urban centers in Canada. It provides residential and commercial mortgages that lend in urban centers in Canada. Its investment objectives are to preserve its shareholders’ equity and provide its shareholders with stable and secure dividends from its investments in mortgage loans. It provides a range of lending, which includes land and development financing, construction and mezzanine financing, commercial term and bridge financing, and residential mortgages. It invests in various categories of mortgages, such as house and apartment, low-rise residential, construction, high-rise residential, mid-rise residential, commercial and condominium corporations. It has a range of property and loan types, including land for redevelopment, bridge and term financing, residential apartment buildings, industrial properties and retail properties.


TSX:AI - Post by User

Post by theinvestor22on Apr 29, 2020 9:14am
267 Views
Post# 30965443

A very good decision...

A very good decision......which eliminates potential dilution.

Toronto, Ontario--(Newsfile Corp. - April 29, 2020) - Atrium Mortgage Investment Corporation (TSX: AI) (Atrium) announced today that, in response to the market disruption caused by the COVID-19 pandemic, Atrium has determined to suspend, effective immediately, its dividend reinvestment plan ("DRIP") until further notice. As a result, shareholders will only receive dividends in cash effective with the dividend currently scheduled to be paid on May 12, 2020, to shareholders of record on April 30, 2020. If Atrium elects to reinstate the DRIP in the future, shareholders that were enrolled in the DRIP at suspension and remained enrolled at reinstatement will automatically resume participation in the DRIP.
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