Atrium Mortgage Investment Corporation Declares A Dividend for the Month of August 2020, Payable on September 11, 2020
August 21, 2020 at 03:01 pm
Share
Atrium Mortgage Investment Corporation announced that its board of directors has declared a dividend for the month of August 2020 of $0.075 per common share, to be paid September 11, 2020 to shareholders of record August 31, 2020. The company 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 is a non-bank lender, which provides financing solutions to commercial real estate and development communities in urban centers in Canada. It provides residential and commercial mortgages that lend in urban centers in Canada. Its investment objectives are to preserve its shareholdersâ equity and provide its shareholders with stable and secure dividends from its investments in mortgage loans. It provides a range of lending, which includes land and development financing, construction and mezzanine financing, commercial term and bridge financing, and residential mortgages. It invests in various categories of mortgages, such as house and apartment, low-rise residential, construction, high-rise residential, mid-rise residential, commercial and condominium corporations. It has a range of property and loan types, including land for redevelopment, bridge and term financing, residential apartment buildings, industrial properties and retail properties.