AMERICAN CHURCH MORTGAGE CO ACMC American Church Mortgage Company, a Minnesota corporation, was incorporated on May 27, 1994. The Company was organized to engage primarily in the business of making mortgage loans to churches and other nonprofit religious organizations throughout the United States, on terms established for individual organizations. The Company's loans have been granted to churches and other non-profit religious organizations. The ability of the Company’s debtors to honor their contracts is dependent on member contributions and the involvement in the church or organization of its senior pastor. Income 123,369 Assets 41,164,517 Equity 12,599,449 Shares Outstanding 1,677,798 Market cap 5,704,513 Dividends We have elected to operate as a real estate investment trust (REIT), therefore we are required, among other things, to distribute to shareholders at least 90% of “Taxable Income” in order to maintain our REIT status. The dividends declared and paid to shareholders may include cash from origination fees even though they are not recognized as income in their entirety for the period under generally accepted accounting principles in the United States. We earned $60,000 and $20,000 in origination fees for the six months ended June 30, 2015 and 2014, respectively. We paid a dividend of $.10 for each share held of record on January 27, 2015. The dividend, which was paid January 30, 2015, represents a 4.00% annual rate of return on each share of common stock owned, assuming a purchase price of $10 per share. Our Board of Directors declared a dividend of $.09 for each share held of record on April 27, 2015. The dividend, which was paid April 30, 2015, represents a 3.60% annual rate of return on each share of common stock owned, assuming a purchase price of $10 per share. Our Board of Directors declared a dividend of $.05 for each share held of record on July 28, 2015. The dividend, which was paid July 31, 2015, represents a 2.00% annual rate of return on each share of common stock owned, assuming a purchase price of $10 per share. Earnings per share 0.07
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