Timbercreek Financial Announces Monthly Dividend Payment Plans

Timbercreek Financial Declares Cash Dividend for Shareholders
Timbercreek Financial (TSX: TF) recently confirmed an upcoming cash dividend of $0.0575 per common share, with a payment scheduled for mid-July. This announcement marks a continued commitment to providing value to its investors, fulfilling the company's promise for consistent returns.
Details on the Dividend Payment
The dividend, which is to be paid on July 15, is relevant for holders of Timbercreek's common shares of record by June 30. This approach aims to reward shareholders and enhance their investment experience.
Shareholder Benefits
Alongside the cash dividend, Timbercreek Financial offers a Dividend Reinvestment Plan (the “Plan”). This initiative allows shareholders to reinvest their cash dividends in exchange for additional shares at a discounted rate. This not only facilitates the purchase of extra shares without extra costs but also supports long-term investment strategies.
Understanding the Reinvestment Plan
The Dividend Reinvestment Plan is managed by Timbercreek Capital Inc. The company carefully acquires common shares at current market prices or issues new shares at 98% of the average market price determined in the days leading up to the dividend payment. This calculated approach emphasizes Timbercreek’s dedication to optimizing shareholder value.
Enrollment Process for Shareholders
For those interested in the Plan, enrollment is straightforward. Shareholders holding shares via brokers or other intermediaries must ensure they sign up for the reinvestment options through their respective nominees. This simple process enables greater access to investment growth opportunities for Timbercreek's investors.
About Timbercreek Financial
Timbercreek Financial has established itself as a frontline contender in non-bank, commercial real estate lending. Predictably agile, the firm delivers structured financing solutions that significantly cater to commercial real estate requirements. This swift execution and flexibility often stand in contrast to traditional Canadian banking solutions, making Timbercreek a popular choice for real estate investors.
Commitment to Investors
The company is driven by a sophisticated understanding of market dynamics, engaging in extensive underwriting practices, robust management, and rigorous governance processes. By following these comprehensive strategies, Timbercreek aims to optimize risk-adjusted returns, ensuring that both the needs of borrowers and investors are met proficiently.
Contact Information
For more information regarding Timbercreek Financial, interested parties can reach out directly to:
R. Blair Tamblyn
Chief Executive Officer
Contact Email: btamblyn@timbercreek.com
Visit: www.timbercreekfinancial.com
Frequently Asked Questions
What is the declared dividend for Timbercreek Financial?
The declared dividend is $0.0575 per common share, payable on July 15.
When is the eligibility date for the dividend?
Shareholders must be recorded as holders of common shares by June 30 to be eligible for the dividend.
How does the Dividend Reinvestment Plan work?
The Plan allows shareholders to reinvest their cash dividends at a discount to purchase additional shares without any fees.
Who manages the Dividend Reinvestment Plan?
Timbercreek Capital Inc. manages the Dividend Reinvestment Plan to maximize shareholder benefits.
What resources are available for shareholders to learn more?
Further information can be found on Timbercreek Financial's official website or by contacting their operations directly.
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