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Atrium Mortgage Investment Corp T.AI

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

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. Its mortgages are secured by all types of residential, multi-residential and commercial real estate located 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. Its Single-Family lending department provides alternative solutions to individuals in Southern Ontario and Western Canada.


TSX:AI - Post by User

Comment by ArbProfiton Dec 19, 2017 8:43pm
186 Views
Post# 27192092

RE:Div classified as Interest income ....why ?

RE:Div classified as Interest income ....why ? That's why the yield is so high.

The company earns income, pays no taxes, passes it on to shareholders to pay the tax at their personal tax rate.

For dividends, the company pays tax, then pays you what's left over.  That's why you get a dividend tax credit, to compensate for the tax already paid.

This is why distributions that are taxed as income are so good for registered accounts (RRSP, TFSA), because no tax has been paid.  When you receive a dividend in your RRSP or TFSA, the company already paid some tax and you don't get a tax credt.
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