VANCOUVER, Sept. 19 /CNW/ - On behalf of the Board of Directors of
Mandate National Mortgage Corporation ("Mandate"), Mr. Alan Long, President,
is pleased to announce that September 30, 2007 has been fixed as the record
date for the third quarter 2007 dividend. The amount of the dividend will be
announced by October 31, 2007 and paid by November 15, 2007.
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 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
For further information:
For further information: Mr. Alan E.R. Long or Mr. Richard Gasten at