Article content
Toronto, Ontario–(Newsfile Corp. – June 2, 2021) – Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of June 2021 of $0.075 per common share, to be paid July 13, 2021 to shareholders of record June 30, 2021.
We apologize, but this video has failed to load.
Try refreshing your browser. Atrium Mortgage Investment Corporation Announces June 2021 Dividend Back to video
Atrium pays monthly dividends currently at an annual rate of $0.90 per share, plus a special dividend to shareholders of record at year-end in the event the dividends declared are less than taxable income for that fiscal year.
Atrium Mortgage Investment Corporation Announces Early Redemption of 5.50% Convertible Debentures
Toronto, Ontario (Newsfile Corp. - May 28, 2021) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: AI.DB.B) (TSX: AI.DB.C) (TSX: AI.DB.D) (TSX: AI.DB.E) ( Atrium ) announced today that it plans to redeem early all of its outstanding 5.50% convertible unsecured subordinated debentures due September 30, 2021 (the Debentures ). The Debentures, which have a maturity date of September 30, 2021, will be redeemed by Atrium on June 30, 2021 (the Redemption Date ) in accordance with the terms of the Debenture trust indenture. The Debentures are listed on the Toronto Stock Exchange under the symbol AI.DB.B and will cease trading at the opening of trading on the Redemption Date and be delisted at the close of trading on the Redemption Date. The aggregate principal amount of the Debentures currently outstanding is $40,250,000.
Atrium Mortgage Investment Corporation Announces Election of Directors
Toronto, Ontario (Newsfile Corp. - May 13, 2021) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: AI.DB.B) (TSX: AI.DB.C) (TSX: AI.DB.D) (TSX: AI.DB.E) today announced that at its annual meeting of shareholders, held in Toronto earlier today, each of the seven director nominees listed in its management information circular dated March 18, 2021 was elected as a director. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote for the election of directors of Atrium is set out below:
Atrium Mortgage Investment Corporation Announces First Quarter Results
Highlights
High quality mortgage portfolio
92.1% of portfolio is less than 75% loan to value
average loan-to-value is 60.7%
$0.23 basic and diluted earnings per share for the quarter Atrium had a solid start to 2021 with $0.23 earnings per share. Our mortgage portfolio grew by $20 million in Q1 with strong originations of $93.2 million. Looking forward, we are cautiously optimistic that the commercial and multi-residential real estate markets, and the economy overall, will gradually strengthen as the vaccination roll out accelerates in Canada. Accordingly, the underwriting team has been expanded by three people since the beginning of the year, giving us more depth in the Toronto and Vancouver offices. The mortgage portfolio remains conservatively positioned with an average loan to value of 60.7%. Notwithstanding this defensive orientation, we continued to increase our aggregate loan loss provision to $10.0
Atrium Mortgage Investment Corporation Announces May 2021 Dividend and Q1 2021 Investor Conference Call Details
Toronto, Ontario (Newsfile Corp. - May 4, 2021) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of May 2021 of $0.075 per common share, to be paid June 11, 2021 to shareholders of record May 31, 2021.
Atrium pays monthly dividends currently at an annual rate of $0.90 per share, plus a special dividend to shareholders of record at year-end in the event the dividends declared are less than taxable income for that fiscal year.
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 and with no commissions. This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium. Shareholders can enr