Timbercreek Financial Declares March 2024 Dividend
March 21 2024 - 4:14PM
Timbercreek Financial (TSX: 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 to be paid on
April 15, 2024 to holders of Common Shares of record on March 28,
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 by reinvesting cash dividends at a potential discount and
without having to pay commissions, service charges or brokerage
fees.
Pursuant to the Plan and at the discretion of
Timbercreek Capital Inc., the Manager, Common Shares will be
acquired in the open market at prevailing prices or issued from
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 prior to 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
nominee must enroll for distribution reinvestment through their
nominee holder.
The full text of the 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 providing shorter-duration,
structured financing solutions to commercial real estate investors.
Our sophisticated, service-oriented approach allows us to meet the
needs of borrowers, including faster execution and more flexible
terms that are 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 strong risk-adjusted returns for investors.
CONTACT:Timbercreek FinancialBlair TamblynChief Executive
Officerbtamblyn@timbercreek.comwww.timbercreekfinancial.com.
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