Timbercreek Financial Announces Monthly Dividend Payment
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Timbercreek Financial Declares Dividend
Timbercreek Financial (TSX: TF) is pleased to share that it has announced a monthly cash dividend of $0.0575 per common share. This dividend is set to be paid to holders of Common Shares on a designated date, reflecting the company's ongoing commitment to providing value to its shareholders.
Dividend Reinforcement and Plan Overview
The Company has implemented a Dividend Reinvestment Plan (the “Plan”), allowing eligible shareholders to purchase additional Common Shares by reinvesting cash dividends. This opportunity is especially attractive as it may offer shares at a potential discount, without incurring commissions, service charges, or brokerage fees.
The Mechanics of the Dividend Plan
Under this Plan, common shares will either be acquired in the open market at prevailing prices or issued from treasury at a discounted rate of 98 percent of the average market price determined for the five trading day period preceding the dividend payment date. This strategy underscores Timbercreek's proactive approach in offering benefits to its shareholders.
Enrollment Process for Shareholders
To participate in the Plan, shareholders must ensure their common shares are enrolled. For those holding shares through brokers, financial institutions, or other nominees, it is necessary to enroll for distribution reinvestment via their respective nominees. This structured approach is designed to facilitate easy access and maximize shareholder engagement.
About Timbercreek Financial
Timbercreek Financial has established itself as a prominent non-bank lender, specializing in commercial real estate financing. The company focuses on providing tailored financing solutions with a shorter duration, addressing the needs of commercial real estate investors. This unique service-oriented approach enables Timbercreek to respond rapidly to borrower needs, offering more flexible terms that conventional Canadian financial institutions may not provide.
Investment Strategy and Governance
By employing rigorous underwriting standards alongside strong governance and active management, Timbercreek Financial targets robust risk-adjusted returns for its investors. The commitment to thoroughness in every aspect of its operations ensures that it meets the evolving demands of the market while protecting investors’ capital.
Contact Information
For further information, please 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 by Timbercreek Financial?
The declared dividend amount is $0.0575 per common share.
When will the dividend payment be made?
The payment is scheduled to be made on a specified date to eligible shareholders of record.
What is the Dividend Reinvestment Plan offered by Timbercreek Financial?
The Plan allows shareholders to reinvest dividends to purchase additional common shares at potentially discounted prices and without extra fees.
How can shareholders enroll in the Dividend Reinvestment Plan?
Shareholders can enroll through their brokers or financial institutions holding their shares.
Who can I contact for more information regarding Timbercreek Financial?
For more information, you can contact Blair Tamblyn, the CEO of Timbercreek Financial, via email at btamblyn@timbercreek.com.
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