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American Church Mortgage Company Declares 2nd Quarter Dividend

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  Published in Business and Finance on Thursday, July 15th 2010 at 13:21 GMT by Market Wire
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MINNETONKA, MN--(Marketwire - July 15, 2010) - AMERICAN CHURCH MORTGAGE COMPANY ("ACMC") (PINKSHEETS: [ ACMC ]), Minnetonka, Minnesota, announced the declaration by its Board of Directors of a shareholder dividend for its second quarter ended June 30, 2010 of $.10 per share.

The dividend is to be paid on July 30, 2010 to shareholders of record as of July 27, 2010. Total revenues for the second quarter of 2010 were $794,112 versus $994,639 for the second quarter of 2009. Earnings before items were $.09 per share for the second quarter ended June 30, 2010 versus $.14 per share for the second quarter of 2009. Year-to-date June 30, 2010 earnings per share before items are $.24 versus $.23 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.