TORONTO, April 23, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announces a monthly cash dividend of $0.0575 per common share of the Company (“Common Share”) I will announce what I did. The Company expects to make payments on May 15, 2024 to holders of record of its common stock on April 30, 2024.
The Company also offers a Dividend Reinvestment Plan (the “Plan”). It is available to holders of common stock and provides a convenient means to purchase additional common stock by reinvesting cash dividends at a potential discount without paying commissions or service charges. or brokerage fees.
Pursuant to the Plan, at the discretion of the Manager, Timbercreek Capital, Inc., common stock will be acquired in the open market at prevailing prices or issued by the Treasury at 98 percent of the average market price (the “Average Market Price”) . A period of five business days beginning and ending on the three business days 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 stock through a broker, financial institution or other holder must register for distribution reinvestment through the holder.
The full text of the Plan is available on our 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 finance solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet the needs of our borrowers, including faster execution and more flexible terms not typically offered by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we meet these needs while targeting high risk-adjusted returns for our investors.
contact:
timbercreek financial
Blair Tamblyn
chief executive officer
btamblyn@timbercreek.com
www.timbercreekfinancial.com
