Ginkgo MIC Announces Special Dividend for Class A Preferred Shares

Ginkgo Mortgage Investment Corporation (Ginkgo MIC), based in Toronto, reported on April 17, 2024, that its Board of Directors has approved a special dividend of 2.5 cents per share (0.25%) for Class A Preferred Shares. Eligible shareholders on record by December 31, 2023, are set to receive this dividend by April 30, 2024.

CEO Henry Tse highlighted the company's strong financial performance and its optimistic future outlook as catalysts for this additional distribution. This special dividend is part of Ginkgo MIC's effort to maintain consistent shareholder value with the firm declaring two other special dividends in the previous year, tallying 5 cents per share.

This decision follows past performances where Series 1 and Series 2 dividends were dispersed monthly and enhances Ginkgo MIC's profile as a leader in the mortgage investment industry, focused on benefiting its shareholders.