Business
Atrium Mortgage Investment Corporation Files (Final) Base Shelf Prospectus
Toronto, Ontario--(Newsfile Corp. - October 10, 2017) - Atrium Mortgage Investment Corporation...
About this update from Atrium Mortgage Investment Corp.
[{"type":"text","content":"Atrium Mortgage Investment Corporation Files (Final) Base Shelf ProspectusToronto, Ontario--(Newsfile Corp. - October 10, 2017) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: AI.DB) (TSX: AI.DB.A) (TSX: AI.DB.B) (TSX: AI.DB.C) (\"Atrium\") announced today that it has filed a (final) short form base shelf prospectus with the securities regulatory authorities in all provinces of Canada, except Québec, that allows Atrium to offer and issue up to $250 million of common shares, debt securities, subscription receipts, warrants or units, or any combination of such securities, over a 25-month period.The nature, size and timing of any offerings of these securities under the base shelf prospectus will depend on Atrium's assessment of its funding requirements and general market conditions. When securities covered by the base shelf prospectus are offered for sale, a prospectus supplement containing terms of these securities will be filed.No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities covered by the base shelf prospectus 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 AtriumCanada'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 s...