Timbercreek Financial Declares Monthly Dividend
Timbercreek Financial (TSX: TF) recently made an exciting announcement regarding its commitment to shareholders by declaring a monthly cash dividend of $0.0575 per common share. This dividend will be paid on December 15 to all holders of common shares on record as of November 28. This decision underscores Timbercreek’s ongoing dedication to delivering value to its investors.
Understanding the Dividend Reinvestment Plan
How the Plan Works
The company offers a convenient Dividend Reinvestment Plan (the “Plan”) for its shareholders. This Plan allows investors to automatically reinvest their dividends to purchase more common shares at a potentially discounted price without incurring any additional brokerage fees. This is an excellent way for shareholders to increase their stake in the company over time while benefitting from the power of compounding.
How Shares are Acquired
Under this Plan, Timbercreek will acquire common shares either through the open market at prevailing prices or by issuing new shares from its treasury. The share prices for reinvestment will be set at 98 percent of the average market price calculated over the five trading days leading up to the payment date. This approach ensures an attractive price for shareholders looking to reinvest their dividends.
Eligibility and Enrollment
For shareholders to benefit from the Dividend Reinvestment Plan, they need to ensure that they are enrolled. Those holding their Common Shares through brokers or other financial institutions will need to coordinate with their nominee holders to participate in this valuable opportunity. This enrollment process is essential for accessing the benefits provided by the Plan.
About Timbercreek Financial
Timbercreek Financial plays a pivotal role in the commercial real estate lending space as a prominent non-bank lender. Its focus is on providing short-term, structured financing solutions tailored specifically to commercial real estate investors. What sets Timbercreek apart is its client-centered approach, which emphasizes fast execution and flexible terms — features that traditional Canadian financial institutions often do not offer. This efficiency and adaptability allow Timbercreek to respond to the dynamic needs of its borrowers effectively.
By employing rigorously defined underwriting processes, active management strategies, and strong governance, Timbercreek targets strong returns that are adjusted for risk. This comprehensive method assists in achieving the financial goals of both borrowers and investors alike, creating a symbiotic relationship in the commercial real estate market.
Contact Information
For more information, Timbercreek Financial encourages interested parties to 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 by Timbercreek Financial?
The declared dividend by Timbercreek Financial is $0.0575 per common share.
When will the dividend be paid?
The dividend will be paid on December 15 to shareholders of record on November 28.
What is the Dividend Reinvestment Plan?
The Plan allows shareholders to reinvest their dividends to purchase additional common shares, potentially at a discount and without brokerage fees.
How can I enroll in the Dividend Reinvestment Plan?
Shareholders need to coordinate with their brokers or financial institutions to enroll in the Plan for dividend reinvestment.
What makes Timbercreek Financial a unique lender?
Timbercreek offers shorter-duration, flexible financing solutions tailored to commercial real estate investors, which is often not available through traditional lending institutions.
