AI Atrium Mortgage Investment Corporation

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Atrium Mortgage Investment Corporation (TSX:AI)(TSX:AI.DB)(TSX:AI.DB.A)
("Atrium") announced today that it has entered into an agreement with a
syndicate of underwriters bookrun by TD Securities Inc. and RBC Capital Markets
and co-led by CIBC, pursuant to which the underwriters will purchase 2,640,000
common shares (the "Shares") of Atrium at a price of $11.40 per Share (the
"Issue Price") for gross proceeds of $30,096,000. Atrium has also granted to the
underwriters an over-allotment option to purchase up to an additional 396,000
Shares at the Issue Price, exercisable in whole or in part at any time for a
period of up to 30 days following closing of the offering, to cover
over-allotments. If the over-allotment option is exercised in full, the gross
proceeds of the offering will total $34,610,400.


Atrium will use the net proceeds of the offering to repay existing indebtedness
under its revolving operating credit facility, which will then be available to
be drawn, as required, for general corporate purposes, particularly funding
future mortgage loan opportunities.


The offering is expected to close on or about May 22, 2014 and is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the Toronto Stock Exchange.


A preliminary short-form prospectus will be filed by no later than May 7, 2014
with the securities regulatory authorities in all provinces of Canada, except
Quebec. No securities regulatory authority has either approved or disapproved of
the contents of this news release. The securities being offered have not been,
and will not be, registered under the United States Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or sold in the
United States unless an exemption from registration is available. This news
release is for information purposes only and does not constitute an offer to
sell or a solicitation of an offer to buy any securities of Atrium in any
jurisdiction. 


About Atrium 

Canada's Premier Non-Bank Lender(TM)

Atrium is a non-bank provider of residential and commercial mortgages that lends
in major urban centres in Canada where the stability and liquidity of real
estate are high. Atrium's objectives are to provide its shareholders with stable
and secure dividends and preserve shareholders' equity by lending within
conservative risk parameters. Atrium is a Mortgage Investment Corporation (MIC)
as defined in the Income Tax Act. Accordingly, Atrium is not taxed on income
provided that its taxable income is paid to its shareholders in the form of
dividends within 90 days after December 31 each year. Such dividends are
generally treated by shareholders as interest income, so that each shareholder
is in the same position as if the mortgage investments made by the company had
been made directly by the shareholder. For further information, please refer to
regulatory filings available at www.sedar.com or Atrium's website at
www.atriummic.com.


Forward-Looking Statements 

This news release contains forward-looking statements. Much of this information
can be identified by words such as "expect to," "expected," "will," "estimated"
or similar expressions suggesting future outcomes or events. Atrium believes the
expectations reflected in such forward-looking statements are reasonable but no
assurance can be given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. 


Forward-looking statements are based on current information and expectations
that involve a number of risks and uncertainties, which could cause actual
results or events to differ materially from those anticipated. These risks
include, but are not limited to, risks associated with the ability to satisfy
regulatory, stock exchange and commercial closing conditions of the offering,
the uncertainty associated with accessing capital markets and the risks related
to Atrium's business, including those identified in Atrium's annual information
form for the year ended December 31, 2013 under the heading "Risk Factors" (a
copy of which may be obtained at www.sedar.com). Forward-looking statements
contained in this news release are made as of the date hereof and are subject to
change. All forward-looking statements in this news release are qualified by
these cautionary statements. Except as required by applicable law, Atrium
undertakes no obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atrium Mortgage Investment Corporation
Robert G. Goodall
President and Chief Executive Officer
(416) 607-4200


Atrium Mortgage Investment Corporation
Jeffrey D. Sherman
Chief Financial Officer
(416) 607-4200
ir@atriummic.com
www.atriummic.com

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