Discover Timbercreek Financial's New Dividend Announcement

Timbercreek Financial Announces Monthly Dividend Payment
Timbercreek Financial (TSX: TF) is excited to share its recent decision regarding dividend distribution. The company has declared a monthly cash dividend of $0.0575 for each Common Share. This payment is set to be distributed on the 15th of the following month to those shareholders whose names are recorded as of the end of August.
Details on the Dividend Reinvestment Plan
Additionally, Timbercreek Financial provides a Dividend Reinvestment Plan (the “Plan”) to shareholders. This initiative is a fantastic opportunity for investors to reinvest their cash dividends by purchasing additional Common Shares at a potential discount. Moreover, participants can benefit from this program without incurring any costs related to commissions, service charges, or brokerage fees.
How the Plan Works
Under this Plan, Timbercreek Capital Inc., the organization's Manager, has the discretion to either acquire Common Shares in the open market at prevailing rates or issue them from treasury at 98% of the average market price for a predetermined period. The Trading Period for pricing will span five trading days leading up to the dividend payment date.
Enrollment in the Plan
Shareholders who have their Common Shares held through brokers or other financial institutions must ensure they enroll through their respective nominees to participate in the dividend reinvestment effectively. This seamless integration allows for straightforward management of shareholder assets.
About Timbercreek Financial
Timbercreek Financial stands out as a premier non-bank lender within the commercial real estate sector, specializing in providing shorter-duration financing solutions tailored to the needs of real estate investors. Their innovative and service-focused strategy facilitates a higher degree of flexibility and faster execution than is often achievable through traditional Canadian banks.
Commitment to Strong Returns
By adopting rigorous underwriting practices, coupled with active management and strong corporate governance, Timbercreek aims to meet and exceed the expectations of both borrowers and investors. Their objective is clear: to deliver impressive risk-adjusted returns while effectively addressing the diverse financial needs of their clients.
Contact Information
If you have any inquiries or require further information about Timbercreek Financial or its services, you can reach out to R. Blair Tamblyn, Chief Executive Officer, via email at btamblyn@timbercreek.com. More information on their offerings can also be found on their official website at www.timbercreekfinancial.com.
Frequently Asked Questions
What is the recent dividend declared by Timbercreek Financial?
Timbercreek Financial has declared a monthly dividend of $0.0575 per Common Share.
When will the dividend be paid?
The dividend is set to be paid on the 15th of September to shareholders recorded by the end of August.
What is the Dividend Reinvestment Plan?
The Plan allows shareholders to reinvest their dividends to purchase additional shares at a discount without incurring additional fees.
Who manages the Dividend Reinvestment Plan?
The Plan is managed by Timbercreek Capital Inc., which decides how shares will be acquired.
How does Timbercreek Financial support its shareholders?
Timbercreek provides flexible financing solutions, focusing on swift execution and addressing borrowers' needs efficiently.
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