TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is happy to announce that it has declared a month-to-month money dividend of $0.0575 per frequent share (“Common Share”) of the Company to be paid on October 14, 2022 to holders of Common Shares of document on September 30, 2022.
The Company additionally affords a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and offers a handy means to buy further Common Shares by reinvesting money dividends at a possible low cost and with out having to pay commissions, service prices or brokerage charges.
Pursuant to the Plan and on the discretion of Timbercreek Capital Inc., the Manager, Common Shares can be acquired within the open market at prevailing costs or issued from treasury at 98 % of the common market worth (the “Average Market Price”) for the 5 buying and selling day interval ending on the third business day instantly previous to the dividend cost date (the “Trading Period”).
Common Shares acquired beneath the Plan can be routinely enrolled within the Plan. Shareholders who maintain their Common Shares by means of a dealer, monetary establishment or different nominee should enroll for distribution reinvestment by means of their nominee holder.
The full textual content of the Plan will be obtained on the Company’s web site at https://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-plan
About Timbercreek Financial
Timbercreek Financial is a number one non-bank, industrial actual property lender offering shorter-duration, structured financing options to industrial actual property traders. Our subtle, service-oriented strategy permits us to satisfy the wants of debtors, together with sooner execution and extra versatile phrases that aren’t sometimes supplied by Canadian monetary establishments. By using thorough underwriting, energetic administration and robust governance, we’re in a position to meet these wants whereas concentrating on robust risk-adjusted returns for traders.
Chief Executive Officer