American Church Mortgage Company Declares First Quarter Dividend
17 April 2009 - 3:59AM
PR Newswire (US)
MINNETONKA, Minn., April 16 /PRNewswire-FirstCall/ -- AMERICAN
CHURCH MORTGAGE COMPANY ("ACMC"), Minnetonka, Minnesota, announced
the declaration by its Board of Directors of a shareholder dividend
for its first quarter ended March 31, 2009 of $.09 per share. The
dividend is to be paid on April 30, 2009 to shareholders of record
as of April 27, 2009. Total revenues for the first quarter were
$876,092, versus $924,073 for the first quarter of 2008. The
Company operates as a real estate investment trust and revenues of
the Company are derived primarily from interest income earned from
loans to churches and other non-profit religious organizations. On
April 1, 2009, American Church Mortgage Company registered its new
public offering of $20,000,000 of Series "C" Secured Investor
Certificates with the SEC. The offering is being conducted by
American Investors Group, Inc., Minnetonka, Minnesota on a best
efforts basis. For more complete information about ACMC's public
offering, including charges and expenses, a Prospectus may be
obtained from American Investors Group, Inc., 10237 Yellow Circle
Drive, Minnetonka, Minnesota 55343 or by calling (800) 815-1175
extension 134. Investors are encouraged to carefully read the
Prospectus before investing and forwarding funds. Information
concerning ACMC is available on its website,
http://www.church-loans.net/ or by calling (800) 815-1175 extension
124. DATASOURCE: American Church Mortgage Company CONTACT: Scott J.
Marquis, Vice President of American Church Mortgage Company,
+1-952-252-0909 Web Site: http://www.church-loans.net/
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