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TORONTO, Sept. 9, 2013 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI) announces its monthly cash dividends as shown below.
Dividend payable date
Dividend amount per share
September 30, 2013
October 14, 2013
October 31, 2013
November 14, 2013
November 29, 2013
December 13, 2013
December 31, 2013
January 14, 2014
December 31, 2013
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
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.