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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 bcscon May 06, 2020 10:43am
264 Views
Post# 30992767

RE:Normal course issuer

RE:Normal course issuer
Smokininvesta wrote: So these jokers are going to buy back stock opposed too funding new mortgages....buying debt with debt. This no longer a fixed income play its a house of cards.


Not sure if you noticed but buying debt is what a MIC does by definition. The fact that they have recently retired debentures early, suspended the DRIP, and are buying back shares would suggest that they are doing anything but buying debt with debt.
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