Toronto, Ontario--(Newsfile Corp. - November 1, 2017) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce
that its board of directors has declared a dividend for the month of November 2017 of $0.073333 per common share, to be paid
December 12, 2017 to shareholders of record November 30, 2017.
Atrium declared a regular dividend of $0.073333 per share every month during 2017. Since listing on the Toronto Stock Exchange
in 2012, Atrium has increased its regular and bonus dividends every year:
| Year |
Regular
dividend |
Bonus
dividend |
Total
dividends paid |
Earnings per
share (basic) |
| 2013 |
$0.80 |
$0.05 |
$0.85 |
$0.85 |
| 2014 |
$0.82 |
$0.07 |
$0.89 |
$0.91 |
| 2015 |
$0.84 |
$0.09 |
$0.93 |
$0.94 |
| 2016 |
$0.86 |
$0.10 |
$0.96 |
$0.97 |
| 2017 |
$0.88 |
to be determined |
Shareholders are reminded that Atrium offers a dividend reinvestment plan (DRIP) that allows them to automatically reinvest
their dividends in new shares of Atrium at a 2% discount from market price. This provides shareholders with an easy way to realize
the benefits of compound growth of their investment in Atrium. Shareholders can enroll in the DRIP program by contacting their
investment advisor.
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, so is not taxed on income provided
that its taxable income is paid to its shareholders within 90 days after December 31 each year. Such dividends are taxed 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 about Atrium, please refer to regulatory filings available at www.sedar.com or investor information on Atrium's website at www.atriummic.com.
For additional information, please contact
Robert G. Goodall
President and Chief Executive Officer
Jeffrey D. Sherman
Chief Financial Officer
(416) 867-1053
info@atriummic.com
www.atriummic.com
