Timbercreek Financial Announces New Monthly Dividend Pay-Out
Timbercreek Financial Declares Monthly Dividend
Timbercreek Financial (TSX: TF), a prominent player in the non-bank commercial real estate lending space, has shared news of its latest dividend announcement. The company has declared a monthly cash dividend of $0.0575 per common share. This dividend is set to be disbursed on January 15, 2025, to shareholders who hold shares by December 31, 2024.
Understanding the Dividend Reinvestment Plan
In addition to the dividend announcement, Timbercreek Financial offers a Dividend Reinvestment Plan (the "Plan"). This initiative is a great opportunity for shareholders looking to reinvest their cash dividends into additional shares at a potentially discounted rate. Investors can take advantage of the Plan without incurring any commissions, service charges, or brokerage fees.
This is How the Plan Works
The workings of the Plan are integral to its appeal. Under this plan, shares can be acquired directly from the market or issued from the company's treasury at 98% of the average market price during a five-day trading period. This allows investors to benefit from favorable pricing while essentially expanding their holdings with ease.
Participation and Enrollment
Shareholders who already hold Timbercreek common shares through a broker or financial institution must ensure they enroll for reinvestment through their respective nominee holder. This enrollment ensures that they can enjoy the benefits provided by the Plan without any hassle.
About Timbercreek Financial
Timbercreek Financial stands as a respected non-bank commercial real estate lender, renowned for providing structured financing solutions tailored for commercial real estate investors. The company's innovative and service-oriented approach enables it to cater to the specific needs of borrowers, offering faster execution and more flexible terms than traditional Canadian financial institutions typically provide.
Focused on Strong Risk-Adjusted Returns
Timbercreekâs commitment to thorough underwriting, active management, and robust governance forms the foundation of its operational strategy. Through these mechanisms, the company aims to meet the diverse requirements of its borrowers while simultaneously targeting strong risk-adjusted returns for its investors. This sets Timbercreek apart in a competitive landscape.
Future Outlook and Growth
As Timbercreek Financial continues to evolve, its focus remains on expanding its portfolio and improving its services to better cater to commercial real estate needs. This approach not only enhances shareholder value through consistent dividends but also strengthens its position in the ever-changing market landscape.
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is $0.0575 per common share.
When will the dividend be paid?
The dividend will be paid on January 15, 2025.
What is the purpose of the Dividend Reinvestment Plan?
The Plan allows shareholders to reinvest dividends into new shares at a discounted price without incurring extra fees.
How can shareholders participate in the Dividend Reinvestment Plan?
Shareholders must enroll through their broker or financial institution to participate in the Plan.
What sets Timbercreek Financial apart as a lender?
The company offers tailored financing solutions and faster execution, distinguishing itself from traditional financial institutions.
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