Second Quarter 2010 dividend

VANCOUVER, June 18 /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, 2010 has been fixed as the record date for the second quarter 2010 dividend. The amount of the dividend will be announced by July 31, 2010 and paid by August 16, 2010.

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 fifteen 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"

PRESIDENT

SOURCE Mandate National Mortgage Corporation

For further information: For further information: Mr. Alan E.R. Long or Ms. Connie Kartzmark at (604) 731-2899

Organization Profile

Mandate National Mortgage Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890