Toronto, Ontario--(Newsfile Corp. - October 6, 2014) - Atrium Mortgage Investment Corporation (TSX: AI) has renewed its revolving operating credit
facility for a two year term, and increased it to $100 million, from $80 million
previously. The lead arranger for the credit facility is The Toronto-Dominion
Bank. The syndicate of lenders consists of The Toronto-Dominion Bank and
National Bank of Canada.
"We are very pleased that our lenders have recognized the strength of our
mortgage portfolio by offering us a two-year term for this committed facility.
The increased facility is as a result of the growth in our business, primarily
due to our expansion into western Canada. We believe that this geographic
diversification strengthens our mortgage portfolio," noted
Robert Goodall, President and CEO. He continued, "Atrium now has five offices
across central and western Canada, so that we have a strong presence in our
residential and commercial mortgage markets."
A copy of the credit facility is available on SEDAR at
www.sedar.com.
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 Income Tax Act (Canada). Accordingly, Atrium 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.sedar.com or Atrium's website at
www.atriummic.com.
For further information, please contact
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