MANDATE NATIONAL MORTGAGE CORPORATION - FOURTH QUARTER 2010 DIVIDEND

VANCOUVER, Jan. 31 /CNW/ - On behalf of the Board of Directors of Mandate National Mortgage Corporation ("Mandate"), Mr. Alan E. R. Long, President, is pleased to announce the dividend payment rate to shareholders of record as at December 31, 2010 is $0.1671 per share and will be paid February 15, 2011.

Fourth quarter net income decreased 21.1% to $146,081.00 or $.1671 per share compared with $185,112.00 or $.217 per share for the same period in 2009. Revenue decreased 22.8% to $201,227.00 from $260,532.00.

Return on common equity was 7.22% while return on preferred shares was 6.68%.

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. It has been among the top performing mortgage funds for the past ten years as reported in the financial press. Mandate distributes quarterly all of its earned income to its shareholders by way of dividend.

ON BEHALF OF THE BOARD OF DIRECTORS

______________________________
ALAN E.R. LONG, PRESIDENT
AND CHIEF EXECUTIVE OFFICER

SOURCE Mandate National Mortgage Corporation

For further information:

please contact Mr. Alan E.R. Long or Connie Kartzmark at (604) 731-2899.

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Mandate National Mortgage Corporation

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