Atrium Mortgage Investment (AI) AGM 2026 summary

Opening remarks and agenda

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

• Formal business included auditor appointment, director elections, and a management presentation followed by Q&A.

Board and executive committee updates

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

• The management team highlighted deep experience, with recent additions to strengthen Western Canada operations.

Financial performance review

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

• Q1 2026 net income was CAD 12 million, with EPS of CAD 0.25, matching the prior year.

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

• Debt remained low at 38.4% of total assets, with significant undrawn credit facility capacity.

• Return on equity consistently exceeded peers and government bonds, with a conservative loan-to-value ratio of 61.4%.