As Atrium's previous dividend policy provided for quarterly dividends, the new dividend policy provides that the first dividend, if and when declared under the new dividend policy, would be in respect of the period beginning on July 1, 2012 and ending on September 30, 2012, with the intended amount of such dividend being $0.20 per Common Share and such dividend, if declared, expected to be made to holders of Common Shares of record at the close of business on September 28, 2012. The foregoing dividend remains subject to being approved by Atrium's board of directors.
Effective August 29, 2012, Atrium has also implemented a new Dividend Reinvestment Plan ("DRIP") that is available to its shareholders. The Offering Circular describing the DRIP may be obtained from Atrium's agent under the DRIP, Computershare Trust Company of Canada, by calling 1-800-564-6253 or by visiting the agent's self-service web portal, Investor Centre, located at www.computershare.com . The former Dividend Reinvestment Plan of Atrium has been terminated.
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 looking for 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, risks associated with the nature of our investments; risks related to mortgage defaults, foreclosure and related costs; reliance on Atrium's manager; environmental matters associated with our business; availability of investments; potential conflicts of interest; borrowing risks; limited sources of borrowing; risks related to the renewal of mortgages; the composition of the mortgage portfolio; subordinated and subsequent debt financing; ability to manage growth; changes in legislation; qualification as a mortgage investment corporation; and such other risks as are described in Atrium's non-offering (final) prospectus dated August 24, 2012 under the heading "Risk Factors" (a copy of which can be obtained at www.sedar.com ). Reference should be made to this additional information prior to making any investment decision. 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: Atrium Mortgage Investment Corporation Robert G. Goodall President and Chief Executive Officer (416) 607-4200 email@example.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV