TORONTO, March 12, 2013 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI) will be paying its regular monthly dividend of $0.066667 per share on April 15, 2013 to shareholders of record March 29, 2013. Effective with this March dividend, the regular dividend payment date has been changed to approximately two weeks after the record date, rather than four weeks after the record date which had been the previous practice. The previously-announced special dividend of $0.02 per share will be paid on March 21, 2013 to shareholders of record December 31, 2012. Total dividends for 2012 were $0.85 per share.
Atrium Mortgage Investment Corporation 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.
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 Atrium's 2012 Annual Report and other documents available at www.sedar.com and at www.atriummic.com.
CONTACT: For further information, please contact: Atrium Mortgage Investment Corporation Robert G. Goodall President and Chief Executive Officer Atrium Mortgage Investment Corporation Jeffrey D. Sherman Chief Financial Officer (416) 607-4200 email@example.com www.atriummic.comSource:Atrium Mortgage Investment Corporation