TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial tf (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company, payable on October 14, 2022 to holders of record as of September 30 of ordinary shares to be paid out in 2022.
The Company also offers a dividend reinvestment plan (the “Plan”), available to common stockholders, which provides a convenient way to acquire additional common stock by reinvesting cash dividends at a potential discount and without paying commissions, service fees, or brokerage fees.
Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Stock will be purchased on the open market at prevailing prices or issued out of its own funds at 98 percent of the average market price (the “Average Market Price”) for the five dealing day period, ending on the third Business Day immediately prior to the Dividend Payment Date (the “Dealing Period”).
Common shares acquired under the plan are automatically enrolled in the plan. Shareholders who hold their common shares through a broker, financial institution or other nominee must register for dividend reinvestment through their nominee holder.
The full text of the plan is available 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 providing short-term, structured financing solutions for commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet borrower needs, including faster execution and more flexible terms not typically provided by Canadian financial institutions. Through careful underwriting, active management and strong governance, we are able to meet these requirements while delivering strong risk-adjusted returns for investors.
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