VANCOUVER, British Columbia, April 16, 2014 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI) (TSX:AI.DB) (TSX:AI.DB.A) is pleased to announce the appointment of Marianne Dobslaw as Managing Director – British Columbia, effective May 15, 2014.
Ms. Dobslaw has extensive mortgage banking experience, most recently as a Vice President for ten years at a major private non-bank lender, and previously as Vice President or Director of real estate lending at two major financial institutions. She has a B.Sc. (Civil Engineering) from the University of Alberta, and an MBA from the University of British Columbia. Ms. Dobslaw has over twenty-five years experience in residential and commercial mortgage financings throughout Western Canada. She has originated, structured and underwritten a wide range of real estate financings including construction, term, high-ratio mezzanine and equity participation facilities across all asset classes.
"We are thrilled that Marianne is joining Atrium to spearhead our expansion in British Columbia," noted Rob Goodall, CEO of Atrium. "At present, Western Canada accounts for 11% of our mortgage portfolio. With our offices in Vancouver, Calgary and Edmonton we look forward to increasing our presence in the West significantly over the next couple of years."
Canada's Premier Non-Bank Lender™
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. Atrium is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act. Accordingly, Atrium 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 or Atrium's website at www.atriummic.com.
CONTACT: For further information, please contact Atrium Mortgage Investment Corporation, Vancouver office (604) 558-2642 Robert G. Goodall President and Chief Executive Officer Jeffrey D. Sherman Chief Financial Officer (416) 607-4200 firstname.lastname@example.org www.atriummic.comSource:Atrium Mortgage Investment Corporation