Magenta Mortgage Investment Corporation announces fiscal 2008 dividend for privately held Class A Shares

    PERTH, ON, Oct. 3 /CNW/ - Magenta Mortgage Investment Corporation and its
sister company, Magenta II Mortgage Investment Corporation, are pleased to
announce the recent payment of fiscal 2008 dividends with respect to Magenta
Class A and Magenta Class B Shares representing annual dividend yields of
9.54% and 10.13% respectively. Magenta Class A (14 years) and Magenta II Class
B Shares (5 years) have produced compounded average annual rates of return of
12.16% and 12.29% respectively since inception. The Companies' auditor is
Deloitte & Touche LLP.

    Magenta has consistently rewarded its shareholders with stable, elevated
returns and regular income, through investment in a wholly residential
mortgage portfolio, comprised primarily of first mortgages secured by houses
and other residential properties concentrated in strong, stable, urban real
estate markets like Ottawa and Kingston, Ontario. The shares are RSP eligible.

For further information:

For further information: Gavin Marshall, CEO, Magenta Mortgage Corp.,
1-888-267-1744 ext. 22,

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