CALGARY -- TD Mortgage Investment Corporation ("TDMIC") today announced that a dividend at the rate of THIRTY-TWO DOLLARS AND THIRTY CENTS ($32.30) per fully paid Preferred Share, Series A ("HYBRIDs") in the capital stock of TDMIC has been declared for the period ending April 30, 2001, payable on April 30, 2001 to shareholders of record at the opening of business on April 26, 2001.

Notwithstanding the April 26, 2001 record date, The Canadian Depository for Securities Limited will monitor settlements of trades in HYBRIDs following the record date until the close of business on April 27, 2001 so that a party acquiring HYBRIDs as a result of the settlement of a trade on or before 5:00 p.m. (Toronto time) on April 27, 2001 will receive the dividend.