News
Timbercreek Financial Declares May 2024 Dividend
Timbercreek Financial
TORONTO, May 23, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Share Ordinary Shares”) of the Company to be paid on June 14, 2024 to holders of Ordinary Shares registered on May 31, 2024.
The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares, reinvesting cash dividends at a potential discount and without having to pay commissions , service fees or brokerage fees.
Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be purchased on the open market at prevailing prices or issued in treasury at 98 percent of the average market price (the “Average Market Price”). for the five trading day period ending on the third business day immediately preceding the dividend payment date (the “Trading Period”).
Common Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Common Shares through a broker, financial institution or other representative will be required to apply for distribution reinvestment through their nominee holder.
The full Plan can be obtained on the Company’s website at https://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-plan
About Timbercreek Financial
Timbercreek Financial is a leading non-bank commercial real estate lender offering short-term, structured financing solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet borrowers’ needs, including faster execution and more flexible terms not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while targeting solid risk-adjusted returns for investors.
CONTACT:
Timbercreek Financial
Blair Tamblyn
CEO
btamblyn@timbercreek.com
www.timbercreekfinancial.com.
