VANCOUVER, March 19, 2013 /CNW/ - On behalf of the Board of Directors of
Mandate National Mortgage Corporation ("Mandate"), Mr. Alan Long,
President, is pleased to announce that March 31, 2013 has been fixed as
the record date for the first quarter 2013 dividend. The amount of the
dividend will be announced by April 30, 2013 and paid by May 15, 2013.
Mandate operates as a mortgage investment corporation under the
provisions of the Income Tax Act (Canada) and invests in a diverse portfolio of residential and commercial
mortgages. Mandate has provided and intends to continue to provide a
high dividend yield to its shareholders through its prudent mortgage
lending policy. Mandate has been among the top performing mortgage
funds for over twenty five years as reported in the financial press.
Mandate regularly distributes all of its earned income to its
shareholders by way of dividend. Mandate's Common & Preferred
shareholders have the option that their dividends be reinvested in
additional Common or Preferred shares, thus increasing the overall
yield. Mandate's shares are fully RRSP, RRIF & TFSA eligible and its
primary objective is to continue to provide an above average yield to
its shareholders while expanding its mortgage portfolio through the
raising of additional capital.
For further information, please contact
ON BEHALF OF THE BOARD OF DIRECTORS
ALAN E.R. LONG
SOURCE: Mandate National Mortgage Corporation
For further information:
Mr. Alan E.R. Long or Ms. Constance Kartzmark at (604) 731-2899.