Atrium Mortgage Investment (AI) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a welcome to shareholders and confirmation of quorum at 20.62% of outstanding shares represented.

• Appointment of scrutineer and confirmation that meeting materials were distributed to all shareholders.

• Agenda included auditor appointment, director elections, and a management presentation with Q&A.

Financial performance review

• Mortgage portfolio at CAD 870.8 million as of March 2026, down 2.4% from year-end due to repayments exceeding advances.

• Average loan-to-value remained stable at 61.4%; 95.3% of portfolio in first mortgages.

• Q1 2026 net income was CAD 12 million, with earnings per share of CAD 0.25, matching prior year.

• Total revenue for Q1 was CAD 19.8 million, down 9.7% year-over-year due to portfolio turnover and lower interest rates.

• Financing costs decreased to CAD 4.5 million, reflecting lower borrowing costs and debt repayments.

• Regular dividend at CAD 0.93 per share, with special dividends declared annually since going public.

• Return on equity consistently 619-865 basis points above one-year bonds over 15 years.

Board and executive committee updates

• Management team highlighted for depth and experience, with recent addition of a managing director for Alberta and the Prairies.