Timbercreek Financial Announces New Monthly Dividend Strategy
Timbercreek Financial Announces Monthly Dividend
Timbercreek Financial (TSX: TF) has exciting news for its shareholders as it introduces a new monthly cash dividend of $0.0575 per common share. This dividend is set for distribution on a date that falls shortly after the record date for shareholders. The record date is when the holders of the common shares are deemed eligible to receive the dividend.
Understanding the Dividend Reinvestment Plan
Alongside the monthly dividend declaration, Timbercreek Financial offers a Dividend Reinvestment Plan. This initiative aims to cater to the needs of shareholders who wish to reinvest their dividends. The Plan allows common shareholders to buy additional shares at a discount, eliminating the usual costs associated with commissions and service charges.
Mechanics of the Plan
Under this plan, dividends can be reinvested, providing a hassle-free way for shareholders to increase their ownership in the company. Common shares can be acquired either through open market purchases or from treasury shares, all at a reduced rate of 98 percent of the average market price calculated over a specific trading period before the dividend payout.
Enrollment Process
Shareholders interested in participating in the Dividend Reinvestment Plan must enroll through their brokerage or nominee holders. This ensures that the reinvestment of dividends is processed efficiently, giving shareholders the chance to enhance their investments seamlessly.
Who is Timbercreek Financial?
Timbercreek Financial is well-regarded in the real estate financing sector, specializing as a non-bank lender. The company places significant emphasis on providing structured financing solutions to commercial real estate investors. Their approach focuses on adding value to the borrowing experience, characterized by quick execution and adaptable terms that stand out from what traditional financial institutions in Canada offer.
Commitment to Risk and Returns
One of Timbercreek Financial's core philosophies is balancing robust risk management with the goal of achieving strong, risk-adjusted returns for investors. Through meticulous underwriting processes, active portfolio management, and stringent governance standards, the company aims to meet the demands of its borrowers while concurrently satisfying its investors' aspirations for security and profitability.
Contact Information
For any inquiries regarding the latest developments or further details about Timbercreek Financial, you can reach out directly to the company's Chief Executive Officer, Blair Tamblyn. For convenience, direct communication can be made via email or through the company’s website.
CONTACT:
Timbercreek Financial
Blair Tamblyn
Chief Executive Officer
btamblyn@timbercreek.com
www.timbercreekfinancial.com.
Frequently Asked Questions
What is the new monthly dividend declared by Timbercreek Financial?
The new monthly cash dividend declared is $0.0575 per common share.
When will the dividend be paid?
The dividend is scheduled to be distributed on a date soon after the record date.
What is the Dividend Reinvestment Plan?
This plan allows shareholders to reinvest their dividends into additional shares at a reduced price without incurring extra fees.
How can shareholders enroll in the Plan?
Shareholders must enroll through their brokers or nominee holders to participate in the Dividend Reinvestment Plan.
What does Timbercreek Financial specialize in?
The company is a non-bank lender that provides structured financing solutions aimed at commercial real estate investors.
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