American Church Mortgage Company Declares Second Quarter Dividend
July 27 2005 - 4:01PM
PR Newswire (US)
American Church Mortgage Company Declares Second Quarter Dividend
MINNETONKA, Minn., July 27 /PRNewswire-FirstCall/ -- AMERICAN
CHURCH MORTGAGE COMPANY ("ACMC") (OTC:ACMC), Minnetonka, Minnesota,
announced today the declaration by its Board of Directors of a
shareholder dividend for its second quarter ended June 30, 2005 of
$.1625 per share, representing an annualized dividend yield of
6.50%. The dividend will be paid on July 29, 2005 to shareholders
of record as of June 30, 2005. Total revenues for the second
quarter were $936,642, up from $770,486 for the second quarter of
2004. The Company operates as a real estate investment trust and
revenues of the Company are derived primarily from interest income
earned from loans to churches and other non-profit religious
organizations. On October 7, 2004, American Church Mortgage Company
commenced a public offering of $23,000,000 of Series "B" Investor
Saver Certificates. The offering is being conducted by American
Investors Group, Inc., Minnetonka, Minnesota on a best efforts
basis. For more complete information about ACMC's public offering,
including charges and expenses, a Prospectus may be obtained from
American Investors Group, Inc., 10237 Yellow Circle Drive,
Minnetonka, Minnesota 55343 or by calling (800) 815-1175 extension
134. Investors are encouraged to carefully read the Prospectus
before investing and forwarding funds. Information concerning ACMC
is available on its website, http://www.church-loans.net/ or by
calling (800) 815-1175 extension 124. DATASOURCE: American Church
Mortgage Company CONTACT: Scott J. Marquis, Vice President of
American Church Mortgage Company, +1-952-945-9455, ext. 124 Web
site: http://www.church-loans.net/
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