Atrium Mortgage Investment Corporation Files and Obtains Receipt for (Final) Short Form Prospectus in Connection with Bought Deal Public Offering of Common Shares

Core Viewpoint - Atrium Mortgage Investment Corporation has filed a final short form prospectus for a bought deal public offering of common shares, indicating a strategic move to raise capital through equity financing [1][2]. Group 1: Offering Details - The offering includes 2,185,000 common shares at an issue price of $11.45 per share, with an additional option for underwriters to purchase up to 327,750 common shares [2]. - The expected closing date for the offering is around October 4, 2024, pending customary closing conditions and regulatory approvals [2]. Group 2: Company Overview - Atrium is recognized as a premier non-bank lender in Canada, focusing on residential and commercial mortgages in major urban centers where real estate stability is high [5]. - The company aims to provide stable dividends to shareholders while preserving equity by adhering to conservative lending practices [5]. - As a Mortgage Investment Corporation (MIC), Atrium is not subject to income tax provided that its taxable income is distributed to shareholders as dividends within a specified timeframe [5].