Timbercreek Financial Reports Positive Voting Outcomes
TORONTO — Timbercreek Financial Corp. (the "Company") (TSX:TF) recently shared the outcomes from its annual meeting of shareholders, where crucial decisions regarding the board of directors took center stage. Held at a later date than originally planned due to quorum issues, this meeting underscored the commitment of shareholders to participate in the governance of the Company.
Board of Directors Election
During the annual meeting, shareholders cast their votes on the nominees presented in the management information circular. The results reflect robust support for the elected board members, showcasing confidence in their leadership and vision for the company's future. Each nominee received overwhelming approval, demonstrating the alignment between management and shareholder interests.
Election Results Overview
The election results for the board of directors were as follows:
- Amar Bhalla - 99.11% votes in favor
- Deborah Robinson - 99.08% votes in favor
- Scott Rowland - 99.31% votes in favor
- W. Glenn Shyba - 98.90% votes in favor
- Pamela Spackman - 99.31% votes in favor
- R. Blair Tamblyn - 99.33% votes in favor
These results illustrate a strong endorsement from shareholders for these individuals to guide the Company forward.
Reappointment of Auditors
Another key decision made at the meeting was the reappointment of KPMG LLP as the Company’s auditor. This decision ensures continuity in financial oversight and aligns with the Company’s commitment to maintaining high standards of transparency and accountability. The directors were also authorized to determine the remuneration for KPMG LLP, emphasizing their trust in the auditor's expertise.
About Timbercreek Financial
Timbercreek Financial stands out as a premier non-bank lender specializing in commercial real estate financing. They provide tailored, shorter-duration financing solutions designed to meet the unique needs of real estate investors. Their proactive, service-oriented approach simplifies the borrowing process, allowing for quicker approvals and adaptable terms—advantages not commonly provided by traditional Canadian financial institutions.
By harnessing a disciplined underwriting methodology, diligent management practices, and robust governance frameworks, Timbercreek Financial successfully targets strong risk-adjusted returns for its investors.
Contact Information
If you need more specific information or have questions, reach out to Timbercreek Financial:
R. Blair Tamblyn
Chief Executive Officer
Email: btamblyn@timbercreek.com
Website: www.timbercreekfinancial.com
Frequently Asked Questions
What were the results of the Timbercreek Financial annual meeting?
The annual meeting resulted in overwhelming support for the nominated board directors, showcasing strong shareholder trust.
Who were the newly elected directors?
The elected directors include Amar Bhalla, Deborah Robinson, Scott Rowland, W. Glenn Shyba, Pamela Spackman, and R. Blair Tamblyn.
Which firm was reappointed as the auditor?
KPMG LLP was reappointed as the auditor by shareholder approval.
What is Timbercreek Financial's focus?
Timbercreek Financial focuses on providing non-bank commercial real estate financing solutions.
How can I contact Timbercreek Financial?
You can contact Timbercreek Financial through their CEO, R. Blair Tamblyn, at btamblyn@timbercreek.com.
