Timbercreek Financial Reveals Monthly Dividend Announcement
Timbercreek Financial (TSX: TF) has declared an exciting new monthly cash dividend for its shareholders. This dividend amounts to $0.0575 per common share and is set to be disbursed to all shareholders who hold their shares by a specified record date.
Details of the Dividend Payment
The payment date for this cash dividend is scheduled for the fourth month of the upcoming year, rewarding those who are on the record as holding Timbercreek Financial common shares as of the last day of the previous month.
Understanding the Dividend Reinvestment Plan
For investors keen on maximizing their investment, Timbercreek Financial offers a robust Dividend Reinvestment Plan (the “Plan”). This initiative allows shareholders to conveniently reinvest their cash dividends into purchasing additional shares of the company. What's notable is that this plan can be accessed at a potentially attractive discount, and investors will enjoy the absence of commission fees typically associated with buying shares.
How the Plan Operates
Under this Plan, Timbercreek Capital Inc., the management entity, will acquire common shares either through the open market at existing prices or will issue shares from the company's treasury at a notable discount to the Average Market Price. This discounted price is calculated based on the average market performance observed during a five-day trading period leading up to the dividend payment date.
Automatic Enrollment for Participants
If you are currently holding Timbercreek Financial common shares, your shares will be automatically enrolled in the Dividend Reinvestment Plan if you choose this option. If your shares are held through an intermediary, like a broker or financial institution, you will need to contact them directly to ensure your participation in the Plan.
The Company’s Vision and Reputation
Timbercreek Financial has established itself as a leading non-bank lender specializing in commercial real estate. The organization excels at providing structured and shorter-duration financing options that cater to the diverse needs of commercial real estate investors. Their attention to seamless service delivery enables quick execution and flexible agreements that are often more accommodating than those provided by traditional financial institutions.
Strengthening Investor Relationships
With a commitment to thorough underwriting and proactive management, Timbercreek Financial aims to uphold strong governance practices. This focus not only meets the immediate financial needs of its borrowers but also seeks to deliver compelling risk-adjusted returns for investors. Such practices have positioned Timbercreek as a trusted name within the industry.
Contact Information for Investors
For further inquiries or detailed information regarding Timbercreek Financial, interested parties can reach out directly to:
Blair Tamblyn
Chief Executive Officer
Email: btamblyn@timbercreek.com
Website: www.timbercreekfinancial.com
Frequently Asked Questions
What is the declared dividend amount for Timbercreek Financial?
The declared monthly cash dividend is $0.0575 per common share.
When will the dividend be paid?
The dividend is scheduled to be paid on the 15th of the first month of the next year.
How can shareholders participate in the Dividend Reinvestment Plan?
Shareholders can enroll automatically unless their shares are held through a nominee, in which case they must arrange participation through that entity.
What is the benefit of the Dividend Reinvestment Plan?
The Plan offers a way to reinvest dividends in additional shares, often at a discount, without incurring brokerage fees.
Who can be contacted for more information about Timbercreek Financial?
Blair Tamblyn, the Chief Executive Officer, can be contacted for further details via email.
