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
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
SOURCE MAGENTA MORTGAGE CORP.
For further information: For further information:
Wendy Horne, Manager, Shareholder Relations, (613) 888-1744 ext. 224, email@example.com