Timbercreek Financial Announces Monthly Dividend Update
Timbercreek Financial Announces Monthly Dividend for Shareholders
Timbercreek Financial (TSX: TF), a prominent player in the non-bank commercial real estate lending industry, has recently communicated an important update to its shareholders. The Company has declared a cash dividend of $0.0575 per common share. This dividend is set to be distributed on the 15th of October to all holders of common shares recorded by the 27th of September.
Dividend Reinvestment Plan Offers Added Value
In an effort to increase shareholder engagement and provide more value, Timbercreek Financial has introduced a Dividend Reinvestment Plan (often referred to as the “Plan”). This Plan is specifically designed for those holding common shares, allowing them to reinvest their cash dividends into purchasing additional shares, potentially at a discount. This means shareholders can enhance their investment without incurring costs such as commissions or service fees.
How the Reinvestment Plan Works
The Plan operates under the oversight of Timbercreek Capital Inc., which manages the acquisition of common shares. Shares can either be bought from the markets at current prices or issued from the treasury at 98% of the average market price calculated from the five trading days leading up to the dividend's payment date. This flexibility allows shareholders to take advantage of market conditions, potentially resulting in better investment opportunities.
Enrollment Process for Shareholders
For those interested in the Plan, it's important to note that automatic enrollment will occur for common shares already acquired under the Plan. For shareholders who have their shares held through brokers or financial institutions, specific instructions must be followed to enroll in the reinvestment plan efficiently.
About Timbercreek Financial
Timbercreek Financial stands out in the financial landscape as a leading non-bank lender specializing in commercial real estate. The firm focuses on providing structured financing solutions that are both timely and flexible for commercial property investors. Their approach emphasizes quick decision-making processes and adaptability, which are often absent in traditional Canadian financial institutions.
Commitment to Investors
The company works diligently to ensure that their clients' needs are met through thorough underwriting practices and effective management strategies. They are committed to delivering robust risk-adjusted returns for investors, which builds trust and confidence in their investing model.
Contact Information
For more information regarding the dividend announcement and the Plan, shareholders are encouraged to reach out to Blair Tamblyn, the Chief Executive Officer. He can be contacted via email at btamblyn@timbercreek.com. Additional details can also be found by visiting www.timbercreekfinancial.com.
Frequently Asked Questions
What is the announced dividend amount by Timbercreek Financial?
The announced dividend is $0.0575 per common share.
When will the dividend be paid?
The dividend is scheduled for payment on October 15 to shareholders on record as of September 27.
What is the Dividend Reinvestment Plan?
The Plan allows shareholders to reinvest dividends for additional common shares at a potential discount without incurring typical trading fees.
How can shareholders enroll in the Dividend Reinvestment Plan?
Shareholders need to follow specific enrollment instructions provided by their brokers or financial institutions if their shares are held through nominees.
What does Timbercreek Financial specialize in?
Timbercreek Financial specializes in providing structured financing solutions to commercial real estate investors in a flexible and service-oriented manner.
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