TORONTO, April 18, 2013 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI) will be paying its regular monthly dividend of $0.066667 per share on May 15, 2013 to shareholders of record April 30, 2013.
Atrium Mortgage Investment Corporation is a non-bank provider of residential and commercial real estate mortgages. Atrium lends primarily in major urban centres in Canada where the stability and liquidity of real estate are at the highest levels.
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 Atrium had been made directly by the shareholder.
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 firstname.lastname@example.org www.atriummic.comSource:Atrium Mortgage Investment Corporation