VANCOUVER, June 19, 2013 /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, 2013 has been fixed as
the record date for the second quarter 2013 dividend. The amount of
the dividend will be announced by July 31, 2013 and paid by August 15,
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 twenty five years as reported in the financial
Mandate regularly distributes all of its earned income to its
shareholders by way of dividend. Mandate's Common and Preferred
shareholders have the option to have these dividends be reinvested in
additional shares, thus increasing the overall yield. Mandate's Common
and Preferred Shares are fully R.R.S.P.. R.R.I.F. and TFSA 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"
SOURCE: Mandate National Mortgage Corporation
For further information:
Please contact Mr. Alan E.R. Long or Ms. Connie Kartzmark at (604) 731-2899.