The following is a summary of the Atrium Mortgage Investment Corporation (AMIVF) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Atrium reported a Q4 earnings per share of $0.27, totaling to a record $1.18 for the entire fiscal year 2023.

• The company raised its loan loss provision to a considerable $4.8 million in Q4, a rise from $875 million in Q3.

• Atrium ended the year with a mortgage portfolio worth $894 million, up from $876 million in Q3 and $867 million from the start of the year.

• Despite market uncertainties, Atrium achieved the strongest earnings in its history and announced an annual special dividend of $0.29 per share.

Business Progress:

• Atrium has strategically placed efforts in managing its loan loss reserves, which now stands at $22.6 million.

• The portfolio mainly comprises floating rate mortgages (89.8%), a rise from 75.4% at the start of the year.

• Anticipating higher repayments in Q1 2024, Atrium forecasts a decrease in portfolio size.

• With the appointment of Richard Monroe to President and COO, the company further enhances its strategic positioning for continued success in future years.

More details: ATRIUM MORTGAGE INVESTMENT CORP IR

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