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.

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Atrium Mortgage Investment Corp

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Comment by ArbProfiton May 06, 2020 11:51am

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Post# 30993251

RE:Normal course issuer

NAV is $10.88/share (as last reported). So, they're buying at a discount which is immediately accretive to shareholders. Extremely unlikely they'll buy any shares above NAV.

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