Magenta Mortgage Investment Corporation announces fiscal 2010 dividend for
Class "A" Participating Preferred Shares.

PERTH, ON, Aug. 30 /CNW Telbec/ - Magenta Mortgage Investment Corporation and its sister company, Magenta II Mortgage Investment Corporation, are pleased to announce the recent payment of fiscal 2010 dividends with respect to Magenta Class "A" and Magenta Class "B" Shares. Annual dividend yield was 9.69% and 9.61% respectively. The Companies' auditor is Deloitte & Touche LLP. The shares are RSP and TFSA eligible.

Over its 16 year history Magenta has consistently rewarded its shareholders with stable, elevated returns and regular income, through investment in a residential mortgage portfolio, comprised primarily of first mortgages secured by owner occupied homes concentrated in the Ottawa and Kingston, Ontario regional real estate markets. These markets are inherently strong, stable and recession proof by virtue of the dominance of the public sector in these regional economies.

With the imminent launch of Magenta Conservative Mortgage Investment Corporation, consolidated assets under management will approach $100 million.

SOURCE MAGENTA MORTGAGE CORP.

For further information: For further information:

Wendy Horne, Manager, Shareholder Relations, (613) 888-1744 ext. 224, wendy@magentainvestment.ca

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MAGENTA MORTGAGE CORP.

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