Timbercreek Financial Announces Monthly Dividend
Timbercreek Financial (TSX: TF) is excited to announce a monthly cash dividend of $0.0575 per common share. This dividend will be distributed to holders of Common Shares on a specified date, demonstrating the company's ongoing dedication to delivering value to its shareholders.
Overview of the Dividend and Reinvestment Plan
The Company has introduced a Dividend Reinvestment Plan (the “Plan”), which enables eligible shareholders to reinvest their cash dividends to acquire additional Common Shares. This option is particularly appealing as it may allow shareholders to purchase shares at a potential discount, without incurring any commissions, service charges, or brokerage fees.
How the Dividend Plan Works
Through this Plan, common shares will be either purchased in the open market at current prices or issued from treasury at a discounted rate of 98 percent of the average market price calculated over the five trading days leading up to the dividend payment date. This approach highlights Timbercreek's proactive strategy in providing benefits to its shareholders.
How Shareholders Can Enroll
To take part in the Plan, shareholders need to ensure their common shares are enrolled. For those who hold shares through brokers, financial institutions, or other nominees, it is essential to enroll for the distribution reinvestment through their respective nominees. This organized method is designed to enhance accessibility and maximize shareholder participation.
About Timbercreek Financial
Timbercreek Financial has positioned itself as a leading non-bank lender, focusing on financing for commercial real estate. The company is dedicated to offering customized financing solutions with shorter durations, catering to the needs of commercial real estate investors. This distinctive service-oriented approach allows Timbercreek to respond swiftly to borrower requirements, providing more flexible terms than traditional Canadian financial institutions typically offer.
Investment Strategy and Management
By implementing strict underwriting standards, along with strong governance and active management, Timbercreek Financial aims for solid risk-adjusted returns for its investors. Their commitment to thoroughness in all operations ensures they meet the changing demands of the market while safeguarding investors’ capital.
Contact Details
For more 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.