Timbercreek Financial Announces New Dividend Structure
Timbercreek Financial Declares Monthly Dividend
Timbercreek Financial (TSX: TF) has officially declared a monthly cash dividend of $0.0575 per common share. This dividend will be paid to shareholders on August 15, adding to the company's commitment to rewarding its investors.
Dividend Reinvestment Plan Details
The company offers a Dividend Reinvestment Plan (the 'Plan') for its investors, allowing them to reinvest their cash dividends in a straightforward manner. This is an attractive option for shareholders who wish to acquire additional shares without incurring commissions or brokerage fees.
Share Acquisition Method
Through this Plan, Timbercreek Capital Inc. will manage the buying of Common Shares either through the open market at current market rates or issuing them directly from treasury at a discount. The discount is set at 98% of the Average Market Price, determined over a five-day trading period leading up to the dividend payment.
Understanding the Enrollment in the Plan
Shareholders will be auto-enrolled under the Plan if they acquire shares through the company. However, those who maintain their shares through a broker or other financial institutions need to register for distribution reinvestment through their respective nominees.
About Timbercreek Financial
Timbercreek Financial is recognized as a prominent non-bank lender in the commercial real estate sector. The company focuses on providing structured financing solutions tailored to meet the unique needs of real estate investors. Their service-driven approach emphasizes quicker execution and more adaptable terms than those typically available through traditional Canadian banking institutions.
Timbercreek Financial employs rigorous underwriting, proactive management, and solid governance to ensure they address borrower needs effectively while simultaneously targeting impressive risk-adjusted returns for their investors.
Contact Information
For further inquiries, reach out to:
Timbercreek Financial
R. Blair Tamblyn
Chief Executive Officer
btamblyn@timbercreek.com
www.timbercreekfinancial.com.
Frequently Asked Questions
What is the declared dividend for Timbercreek Financial?
The monthly cash dividend is declared at $0.0575 per common share.
When is the dividend payment due?
The dividend is scheduled to be paid on August 15 to shareholders of record as of July 31.
How does the Dividend Reinvestment Plan work?
Investors can reinvest dividends to purchase more shares without fees, either from the market or treasury at a discount.
Who manages Timbercreek Financial’s shares acquisitions?
Timbercreek Capital Inc. oversees the share acquisition process under the Dividend Reinvestment Plan.
What approach does Timbercreek Financial use to finance its operations?
Timbercreek Financial uses a non-bank model focusing on structured financing solutions for commercial real estate investors, ensuring fast execution and adaptable terms.
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