VANCOUVER, June 19 /CNW/ - On behalf of the Board of Directors of Mandate
National Mortgage Corporation ("Mandate"), Mr. Alan Long, President, is
pleased to announce that June 30, 2008 has been fixed as the record date for
the second quarter 2008 dividend. The amount of the dividend will be announced
by July 31, 2008 and paid by August 15, 2008.
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 the past ten years as reported in the financial press.
Mandate regularly distributes all of its earned income to its
shareholders by way of dividend. Most of Mandate's Common shareholders have
requested that these dividends be reinvested in additional Mandate Common
shares, thus increasing the overall yield. Mandate's Common Shares are fully
R.R.S.P. eligible and it's 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.
ON BEHALF OF THE BOARD OF DIRECTORS
ALAN E.R. LONG
For further information:
For further information: Mr. Alan E.R. Long or Mr. Richard Gasten at