VANCOUVER, Dec. 20, 2012 /CNW/ - On behalf of the Board of Directors of
Mandate National Mortgage Corporation ("Mandate"), Mr. Alan Long,
President, is pleased to announce that December 31, 2012 has been fixed
as the record date for the fourth quarter 2012 dividend. The amount of
the dividend will be announced by January 31, 2013 and paid by February
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 over twenty five 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 & Preferred
shareholders have requested that these dividends be reinvested in
additional Mandate shares, thus increasing the overall yield.
Mandate's Common & Preferred Shares are fully R.R.S.P. eligible and its
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"
SOURCE: Mandate National Mortgage Corporation
For further information:
please contact Mr. Alan E.R. Long or Ms. Connie Kartzmark at (604) 731-2899