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Atrium Mortgage Plans Major Share Buyback
Company Announcements

Atrium Mortgage Plans Major Share Buyback

Atrium Mortgage Invest (TSE:AI) has released an update.

Atrium Mortgage Investment Corporation has announced a new normal course issuer bid (NCIB) to buy back up to 10% of its public float, representing over 4 million common shares, between June 2024 and June 2025. The purchases, intended to take place on the Toronto Stock Exchange and alternative Canadian trading systems, will be at market price and cancelled thereafter. Atrium has also set up an automatic share purchase plan to allow stock buybacks during regulatory or self-imposed blackout periods.

For further insights into TSE:AI stock, check out TipRanks’ Stock Analysis page.

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