Tranche Update on Atrium Mortgage Investment Corporation (TSX:AI)'s Equity Buyback Plan announced on May 5, 2020.
July 29, 2021 at 02:34 am IST
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From April 1, 2021 to May 10, 2021, the company has repurchased 0 shares, representing 0% for CAD 0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for CAD 0 million under the buyback announced on May 5, 2020.
Atrium Mortgage Investment Corporation is a non-bank lender, which provides financing solutions to commercial real estate and development communities in urban centers in Canada. It provides residential and commercial mortgages that lend in urban centers in Canada. Its investment objectives are to preserve its shareholdersâ equity and provide its shareholders with stable and secure dividends from its investments in mortgage loans. It provides a range of lending, which includes land and development financing, construction and mezzanine financing, commercial term and bridge financing, and residential mortgages. It invests in various categories of mortgages, such as house and apartment, low-rise residential, construction, high-rise residential, mid-rise residential, commercial and condominium corporations. It has a range of property and loan types, including land for redevelopment, bridge and term financing, residential apartment buildings, industrial properties and retail properties.