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TheStreet Open House

Atrium Mortgage Investment Corporation Announces Election Of Directors

Stock quotes in this article: AI

TORONTO, April 10, 2013 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI) today announced that at its annual and special meeting of shareholders, held in Toronto earlier today, each of the director nominees listed in its management information circular dated March 7, 2013 were elected as directors of Atrium. 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.

Each of the following seven director nominees proposed by management was elected as a director of Atrium:

         
Nominee Votes for* % votes for Votes withheld % votes withheld
Peter P. Cohos 8,606,528 100.0% 0 0%
Michael J. Cooper 8,553,728 99.4% 52,800 0.6%
Robert H. DeGasperis 4,838,728 56.2% 3,767,800 43.8%
Murray B. Frum 8,552,728 99.4% 54,000 0.6%
Robert G. Goodall 8,606,528 100.0% 0 0%
David M. Prussky 8,401,328 97.6% 205,200 2.4%
Mark L. Silver 8,555,778 99.4% 50,750 0.6%
         
* As a vote for each motion was taken by a show of hands, the number of votes disclosed reflects only those proxies received by management in advance of the meeting.

About Atrium

Atrium is a non-bank provider of residential and commercial real estate finance. Atrium lends primarily in major urban centres in Canada where the stability and liquidity of real estate are at the highest levels. Canadian Mortgage Capital Corporation (CMCC) is responsible for originating, underwriting, servicing and syndicating Atrium's mortgage loans. CMCC has been Atrium's exclusive manager since its formation and has grown Atrium's business to a mortgage portfolio of approximately $220 million. CMCC has been in the business of originating and underwriting mortgage loans for over 18 years and servicing mortgage loans for over 13 years.

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