Atrium Mortgage Investment (AI) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order with confirmation of quorum and appointment of scrutineer for attendance and voting.

• Notice of meeting and materials were distributed to all shareholders, and formal business was outlined.

• Management presentation and Q&A scheduled after formal business.

Financial performance review

• Mortgages receivable at CAD 870.8 million as of March 2026, down 2.4% from year-end due to repayments exceeding advances and increased credit loss allowance.

• Average loan-to-value remained flat 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 in Q1, reflecting lower borrowing costs and debt repayments.

Board and executive committee updates

• Eight directors nominated and individually elected for the coming year, following majority voting policy.

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