Latest news with #Atrium
Yahoo
3 days ago
- Business
- Yahoo
Atrium Mortgage Investment Corporation Announces June 2025 Dividend
Toronto, Ontario--(Newsfile Corp. - June 5, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of June 2025 of $0.0775 per common share, to be paid July 11, 2025 to shareholders of record June 30, 2025. Atrium pays monthly dividends currently at an annual rate of $0.93 per share, plus a special dividend to shareholders of record at year end in the event the dividends declared are less than taxable income for that fiscal year. Shareholders are reminded that Atrium offers a dividend reinvestment plan (DRIP) that allows them to automatically reinvest their dividends in new shares of Atrium at a 2% discount from market price and with no commissions. This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium. Shareholders can enroll in the DRIP program by contacting their investment advisor. 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 Canada Income Tax Act, 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 or Atrium's website at For further information, please contact Robert G. Goodall Chief Executive Officer Gigi WongChief Financial Officer (416) 867-1053info@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Atrium Mortgage Investment Corporation Announces the Appointment of New CFO
Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) ("Atrium") today announced the appointment of Gigi Wong as Chief Financial Officer, effective June 2, 2025. Robert Goodall, CEO of Atrium, stated, "We are very pleased to welcome Gigi to Atrium. She brings more than two decades of experience in finance and operational leadership, and will be responsible for overseeing the company's financial reporting and compliance functions. Gigi has held senior financial leadership roles across the asset management and financial services sectors. Her experience spans finance operations, risk management, and leading teams through periods of growth and change. She is recognized for her disciplined approach to financial governance and her ability to align financial strategies with broader business objectives. As both a Chartered Professional Accountant (CPA) and Chartered Financial Analyst (CFA), Gigi's credentials and leadership track record make her a great asset to our executive team. We are excited to have her on board. I also want to sincerely thank Razvan Vulcu who has acted as our Interim CFO over the last couple months and consistently performed at a very high level." 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 Canada Income Tax Act, 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 or Atrium's website at For further information, please contact Robert G. Goodall Chief Executive Officer Gigi WongChief Financial Officer (416) 867-1053info@ To view the source version of this press release, please visit
Time Out
7 days ago
- Entertainment
- Time Out
An IRL 'Vought on Ice' from The Boys is coming to Westfield Century City Mall this week
In a move that could only make sense in the twisted universe of The Boys (the Prime Video satirical superhero series based on the comic book of the same name by Garth Ennis and Darick Robertson), Amazon MGM Studios is bringing a live version of the show's infamous holiday ice pageant to Los Angeles—for real. The two-day pop-up, called "Vought on Ice," will take over the Atrium at Westfield Century City Mall this weekend on Saturday, June 7 and Sunday, June 8. Timed to promote the Emmy-nominated series during awards season, the activation recreates the over-the-top musical number from season 4, where a cast of Vought-branded heroes perform 'Put the Christ Back in Christmas' on ice. At the mall, a team of skaters will lip-sync their way through a three-minute routine every hour from 1pm to 8pm, channeling the same glitzy, slightly terrifying energy that made the original so unforgettable. In between performances, the ice rink opens to the public. Fans can reserve a 40-minute skate session online or try for one of the limited walk-up spots. Just don't be late—reservations have a strict 15-minute grace period before they're handed off to the waitlist. The event also includes a mini exhibition of real costumes from the show, allowing fans to study the satin, spandex, and stars-and-stripes aesthetic of Vought's ice-capade up close. And yes, Jitter Bean coffee will be part of the experience, bringing one of the series' favorite fictional chains into the real world. The activation is free and open to the public, with more info at Skating spots are expected to go fast, because nothing says summer in L.A. like a corporate-sponsored winter propaganda musical on ice. It's not the first time that The Boys universe has overlapped with the City of Angels: last October, the streamer hosted a burger pop-up/fan experience in West Hollywood (8175 Melrose Ave) called " Vought A Burger"—get it?—to promote The Boys as well as fellow Prime Video series Gen V and The Boys Presents: Diabolical. And back in 2019, chef collaboration with the gritty Prime Video series.
Yahoo
14-05-2025
- Business
- Yahoo
Atrium Mortgage Investment Corporation Announces Election of Directors
Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: (TSX: (TSX: today announced that at its annual meeting of shareholders, held in Toronto earlier today, each of the eight director nominees listed in its management information circular dated March 25, 2025 was elected as a director. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote for the election of directors of Atrium is set out below: Nominee Votes For % Votes For Votes Withheld % Votes Withheld Peter P. Cohos 8,808,256 97.78% 200,337 2.22% Robert H. DeGasperis 8,948,935 99.34% 59,658 0.66% Robert G. Goodall 8,972,263 99.60% 36,330 0.40% Andrew Grant 8,922,557 99.04% 86,036 0.96% Maurice (Maish) Kagan 8,965,899 99.53% 42,694 0.47% Nancy H.O. Lockhart 8,924,704 99.07% 83,889 0.93% Jennifer Scoffield 8,959,931 99.46% 48,662 0.54% Mark L. Silver 8,808,483 97.78% 200,110 2.22% 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 or Atrium's website at For further information, please contact Robert G. Goodall Chief Executive Officer Razvan Vulcu Interim Chief Financial Officer (416) 867-1053info@ To view the source version of this press release, please visit
Yahoo
13-05-2025
- Business
- Yahoo
Atrium Mortgage Investment Corporation Announces a Strong Start to 2025
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: (TSX: (TSX: today released its financial results for the three months ended March 31, 2025. Highlights Quarterly basic and diluted earnings per share of $0.25 Quarterly net income of $11.9 million Mortgage portfolio of $875.0 million High quality mortgage portfolio 96.7% of portfolio in first mortgages 96.3% of portfolio is less than 75% loan-to-value average loan-to-value is 61.1% "I am very pleased with our first quarter results, both from an earnings and quality perspective. We continue to generate earnings per share well above our dividend. Our underwriting teams originated almost $120 million in new loan business in Q1, which is well above our historic average and is particularly impressive in a market that has so little activity. We have begun to notice slightly less competition within the nonbank sector, and we are hopeful that Atrium MIC can pick up market share over the next year or two. We have also remained focused on maintaining a low risk profile for the portfolio. In particular, we have reduced our portfolio loan to value over the last twelve months from 64.0% to 61.1%, and the percentage of conventional mortgages has increased from 91.2% twelve months ago to 96.3% at Q1. These initiatives have resulted in a resilient portfolio despite weak real estate markets and a stagnant economy. Our Stage 3 loans have dropped to 2.2% of the mortgage portfolio, the lowest level since Q2 of 2023. Our annualized loan turnover has risen to approximately 55% over the last two quarters which is unusually high, and is a testament to the quality of the loans in the portfolio," said Rob Goodall, CEO of Atrium. Conference call Interested parties are invited to participate in a conference call with management on Wednesday, May 14, 2025 at 4:00 p.m. ET to discuss the results. To participate or listen to the conference call live, please call 1-833-491-0507 (call topic: First quarter results). For a replay of the conference call (available until May 28, 2025) please call 1-833-607-0619, passcode 7772119#. Results of operations For the three months ended March 31, 2025, Atrium reported assets of $852.8 million, down from $864.3 million at the end of 2024. Net income for first quarter of 2025 was $11.9 million, a decrease of 1.2% from the first quarter of the prior year. Atrium's allowance for mortgage losses at March 31, 2025 totaled $29.1 million, or 3.33% of the mortgage portfolio, which is consistent with $29.6 million or 3.33% of the mortgage portfolio at December 31, 2024. Basic and diluted earnings per common share were $0.25 for the three months ended March 31, 2025, compared with $0.27 in the comparative period, a decrease of 7.4%. Mortgages receivable as at March 31, 2025 were $851.6 million, down from $863.2 million as at December 31, 2024. During the three months ended March 31 2025, $118.9 million of mortgage principal was advanced and $120.6 million was repaid. The weighted average interest rate on the mortgage portfolio at March 31, 2025 was 9.56%, compared to 9.98% at December 31, 2024. Financial summary Interim Consolidated Statements of Income and Comprehensive Income(Unaudited, 000s, except per share amounts) Three months ended March 312025 2024Revenue $ 21,963$ 25,193Mortgage servicing and management fees(2,176 )(2,076 ) Other expenses(351 )(406 ) Recovery of prior mortgage losses43 -Provision for mortgage losses(2,204 )(3,854 ) Income before financing costs17,275 18,857Financing costs(5,374 )(6,816 ) Net income and comprehensive income $ 11,901$ 12,041 Basic earnings per share $ 0.25$ 0.27Diluted earnings per share $ 0.25$ 0.27 Dividends declared $ 10,995$ 9,931 Mortgages receivable, end of period $ 851,615$ 867,078Total assets, end of period $ 852,848$ 868,279Shareholders' equity, end of period $ 520,460$ 487,276Book value per share, end of period $ 10.98$ 11.02 Analysis of mortgage portfolio As at March 31, 2025 As at December 31, 2024 Outstanding % ofOutstanding % ofProperty TypeNumber amount Portfolio Number amount Portfolio(outstanding amounts in 000s) High-rise residential18$ 265,281 30.3% 17$ 247,202 27.9%Mid-rise residential19 130,015 14.9% 20 139,738 15.8%Low-rise residential11 117,673 13.4% 12 152,827 17.2%House and apartment225 150,302 17.2% 219 154,713 17.5%Condominium corporation6 1,221 0.1% 6 1,279 0.1% Residential portfolio279 664,492 75.9% 274 695,759 78.5%Commercial25 210,496 24.1% 24 190,939 21.5% Mortgage portfolio304$ 874,988 100.0% 298$ 886,698 100.0% As at March 31, 2025 Weighted WeightedNumber of Outstanding Percentage average averageLocation of underlying property mortgages amount outstanding loan-to-value interest rate(outstanding amounts in 000s)Greater Toronto Area224$ 776,693 88.8% 60.3% 9.55%Non-GTA Ontario68 53,592 6.1% 64.6% 8.72%British Columbia12 44,703 5.1% 70.0% 10.78%304$ 874,988 100.0% 61.1% 9.56%As at December 31, 2024 Weighted WeightedNumber of Outstanding Percentage average averageLocation of underlying property mortgages amount outstanding loan-to-value interest rate(outstanding amounts in 000s)Greater Toronto Area211$ 791,809 89.3% 60.6% 9.96%Non-GTA Ontario73 40,816 4.6% 69.6% 9.15%British Columbia14 54,073 6.1% 75.0% 10.96%298$ 886,698 100.0% 61.9% 9.98% For further information on the financial results, and further analysis of the company's mortgage portfolio, please refer to Atrium's interim consolidated financial statements and its management's discussion and analysis for the quarter ended March 31, 2025, available on SEDAR+ at and on the company's website at 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 Canada Income Tax Act, 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 about Atrium, please refer to regulatory filings available at or investor information on Atrium's website at For additional information, please contact Robert G. Goodall Chief Executive Office Razvan Vulcu Interim Chief Financial Officer (416) 867-1053info@ To view the source version of this press release, please visit
