Atrium Mortgage Investment Corporation Completes $30 Million Public Offering of Common Shares
February 10 2017 - 8:27AM
Atrium Mortgage Investment Corporation (TSX:AI) is pleased to
report that it has closed its previously announced public offering
of common shares for gross proceeds of $30,039,750 with a syndicate
of underwriters bookrun by TD Securities Inc. and RBC Capital
Markets and co-led by CIBC Capital Markets, and including
Scotiabank, BMO Capital Markets, National Bank Financial Inc.,
Canaccord Genuity Corp., GMP Securities L.P., Industrial Alliance
Securities Inc. and Raymond James Ltd.
Atrium will use the net proceeds of the offering
to repay existing indebtedness under its revolving operating credit
facility, which will then be available to be drawn, as required,
for general corporate purposes, particularly funding future
mortgage loan opportunities.
No securities regulatory authority has either
approved or disapproved of the contents of this news release. The
securities being offered have not been, and will not be, registered
under the United States Securities Act of 1933, as amended, or any
state securities laws, and may not be offered or sold in the United
States unless an exemption from registration is available. This
news release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
any securities of Atrium in any jurisdiction.
About Atrium
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 (Canada), so 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.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
For further information, please contact
Robert G. Goodall
President and Chief Executive Officer
Jeffrey D. Sherman
Chief Financial Officer
(416) 867-1053
info@atriummic.com
www.atriummic.com
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