SOURCE: American Church Mortgage Company

American Church Mortgage Company

January 12, 2011 16:06 ET

American Church Mortgage Company Declares Fourth Quarter Dividend

MINNETONKA, MN--(Marketwire - January 12, 2011) - AMERICAN CHURCH MORTGAGE COMPANY ("ACMC"), Minnetonka, Minnesota, announced the declaration by its Board of Directors of a shareholder dividend for its fourth quarter ended December 31, 2010 of $.10 per share.

The dividend is to be paid on January 28, 2011 to shareholders of record as of January 25, 2011. Total revenues for the fourth quarter of 2010 were $796,879 versus $885,041 for the fourth quarter of 2009. Earnings before items were $.10 per share for the fourth quarter ended December 31, 2010 versus $.13 per share for the fourth quarter of 2009. Year-to-date December 31, 2010 earnings per share before items are $.54 versus $.49 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.

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