Press release from GlobeNewswire (a Nasdaq OMX company)
Atrium Mortgage Investment Corporation Announces Monthly Cash Dividends
Monday, September 09, 2013
Atrium Mortgage Investment Corporation Announces Monthly Cash Dividends14:54 EDT Monday, September 09, 2013
TORONTO, Sept. 9, 2013 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI) announces its monthly cash dividends as shown below.
|Record date||Period||Dividend payable date||Dividend amount per share|
|September 30, 2013||September||October 14, 2013||$0.066667|
|October 31, 2013||October||November 14, 2013||$0.066667|
|November 29, 2013||November||December 13, 2013||$0.066667|
|December 31, 2013||December||January 14, 2014||$0.066667|
|December 31, 2013||Special||March 5, 2014||to be determined|
In addition to its regular monthly dividends, Atrium will pay a special dividend as shown above that will result in it distributing all of its taxable income for the year. The amount of the special dividend will be announced when Atrium reports its results for the year ended December 31, 2013 on February 11, 2014.
Atrium is a Mortgage Investment Corporation (MIC) as defined in Section 130.1(6) of the Canada Income Tax Act (ITA). Accordingly, the company 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 and the company's website at www.atriummic.com.
As a mortgage investment corporation, 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.
Certain information included in this news release is forward-looking, within the meaning of applicable securities laws. Much of this information can be identified by words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar expressions suggesting future outcomes or events. Atrium believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, the uncertainty associated with accessing capital markets and the risks related to Atrium's business, including those identified in Atrium's annual information form dated December 31, 2012 and short form prospectus dated June 11, 2013 under the heading "Risk Factors" (copies of which may be obtained at www.sedar.com). Forward looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Atrium undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
CONTACT: For further information, please contact Atrium Mortgage Investment Corporation Robert G. Goodall President and Chief Executive Officer Atrium Mortgage Investment Corporation Jeffrey D. Sherman Chief Financial Officer (416) 607-4200 email@example.com www.atriummic.com