American Church Mortgage Company Declares 3rd Quarter Dividend
October 19 2010 - 12:45PM
Marketwired
AMERICAN CHURCH MORTGAGE COMPANY ("ACMC")
(PINKSHEETS: ACMC), Minnetonka, Minnesota, announced the
declaration by its Board of Directors of a shareholder dividend for
its third quarter ended September 30, 2010 of $.10 per share.
The dividend is to be paid on October 29, 2010 to shareholders
of record as of October 26, 2010. Total revenues for the third
quarter of 2010 were $898,034 versus $882,139 for the third quarter
of 2009. Earnings before items were $.16 per share for the third
quarter ended September 30, 2010 versus $.12 per share for the
third quarter of 2009. Year-to-date September 30, 2010 earnings per
share before items are $.41 versus $.36 for 2009. 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.
On April 1, 2009, American Church Mortgage Company registered a
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,
www.church-loans.net or by calling (800) 815-1175 extension
127.
American Church Mortgage Company (800) 815-1175 extension 127
www.church-loans.net
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