Timbercreek Financial Declares Monthly Dividend
Timbercreek Financial is proud to announce that it has declared a monthly cash dividend of $0.0575 per common share. This dividend showcases the Company’s steadfast dedication to returning value to its shareholders. Holders of Common Shares can expect this distribution on February 14, while the record date is set for January 31. This initiative reflects Timbercreek's commitment to its investors, ensuring they benefit continually from the company’s performance.
Understanding the Dividend Reinvestment Plan
In addition to direct cash dividends, Timbercreek Financial offers a Dividend Reinvestment Plan (the “Plan”). This innovative approach allows shareholders to reinvest their cash dividends into additional shares at a potential discount. This means that shareholders can grow their investments without incurring any fees, which is a unique advantage of the Plan.
How the Plan Works
The Plan operates at the discretion of Timbercreek Capital Inc. Shares can be purchased either from the open market at prevailing prices or from treasury at 98 percent of the average market price determined over a defined Trading Period. This period lasts for five trading days leading up to the dividend payment date, helping to ensure that investors can benefit from competitive pricing.
Enrollment in the Plan
Participation in the Plan is automatic for shareholders who acquire Common Shares. However, shareholders holding their shares through brokers or financial institutions will need to enroll for reinvestment through their respective nominees. This process ensures that all interested shareholders can utilize the Plan effectively.
About Timbercreek Financial
Timbercreek Financial stands out as a prominent non-bank lender focused on commercial real estate finance. The company is dedicated to providing structured financing solutions that cater to the needs of real estate investors. Unlike traditional Canadian banks, Timbercreek offers a more agile and flexible approach, enabling faster execution and more adaptable terms for borrowers.
Commitment to Investors
With a focus on thorough underwriting and active management, Timbercreek Financial aims to deliver strong risk-adjusted returns to its investors. This commitment to diligence and governance has positioned Timbercreek as a reliable partner in the commercial real estate landscape.
Contact Information for Shareholders
For more insights or any inquiries regarding the dividend or the Plan, shareholders can reach out to:
Timbercreek Financial
Blair Tamblyn
Chief Executive Officer
Email: btamblyn@timbercreek.com
Website: www.timbercreekfinancial.com
Frequently Asked Questions
What is the amount of the declared dividend?
The declared monthly cash dividend is $0.0575 per common share.
When will the dividend be paid?
The dividend will be paid on February 14 to shareholders who are on record as of January 31.
How does the Dividend Reinvestment Plan work?
Shareholders can reinvest cash dividends into additional shares, often at a discount and without fees.
Who manages the Dividend Reinvestment Plan?
The Plan is managed by Timbercreek Capital Inc., offering flexibility and competitive pricing for shareholders.
How can I contact Timbercreek Financial for more information?
Shareholders can contact Blair Tamblyn, the CEO, via email at btamblyn@timbercreek.com.
