Timbercreek Financial's Monthly Dividend Announcement
Timbercreek Financial is excited to share that it has declared a monthly cash dividend of $0.0575 per common share. This decision is part of their ongoing commitment to delivering value to shareholders and is scheduled to be paid to holders of common shares on October 15.
Details of the Dividend Payment
Shareholders who have common shares recorded by September 29 are eligible to receive this dividend. This initiative reflects Timbercreek's strong financial performance and dedication to rewarding its investors.
Dividend Reinvestment Plan
In addition to the cash dividend, Timbercreek Financial offers an attractive Dividend Reinvestment Plan. This unique program allows shareholders to reinvest their dividends into additional common shares. Doing so not only provides a convenient means for shareholders to increase their holdings but also allows them to do so potentially at a discount without incurring commission fees.
How the Reinvestment Works
Under the Dividend Reinvestment Plan, shares can be acquired either through open market purchases at prevailing prices or new shares issued at 98% of the average market price during a specified trading period. Such provisions encourage more active participation in the company's growth.
The Value Proposition of Timbercreek Financial
Timbercreek Financial stands out as a premier non-bank lender focused on commercial real estate financing. The company's structured financing solutions cater to the unique needs of investors, emphasizing rapid execution and flexible terms. Unlike traditional Canadian financial institutions, Timbercreek leverages their expertise to provide innovative solutions.
Strong Management and Governance
Through detailed underwriting, active management, and a robust governance framework, Timbercreek Financial aims to offer its investors strong risk-adjusted returns. This commitment to excellence and investor satisfaction is at the core of their operations.
Timbercreek Financial Leadership and Contact Information
Leading this vision is R. Blair Tamblyn, the Chief Executive Officer, who fosters a culture of service-oriented solutions that meet and exceed borrower expectations. Interested parties can reach out to Timbercreek Financial for further inquiries or insights regarding their operations and investment opportunities.
CONTACT:
Timbercreek Financial
R. Blair Tamblyn
Chief Executive Officer
Email: btamblyn@timbercreek.com
Website: www.timbercreekfinancial.com
Frequently Asked Questions
What amount is Timbercreek Financial's dividend per share?
The declared monthly cash dividend is $0.0575 per common share.
When is the dividend payment date?
The payment date for the dividend is on October 15.
Is there a way for shareholders to reinvest their dividends?
Yes, Timbercreek offers a Dividend Reinvestment Plan allowing shareholders to reinvest dividends into additional shares.
What is the advantage of the Dividend Reinvestment Plan?
This plan provides shareholders the opportunity to acquire additional shares without commissions, potentially at a discount.
Who can shareholders contact for more information?
Shareholders can reach R. Blair Tamblyn, Chief Executive Officer, via email at btamblyn@timbercreek.com for more information.
