Timbercreek Financial Announces Monthly Dividend for Investors
Timbercreek Financial (TSX: TF) is excited to inform shareholders about the declaration of a monthly cash dividend. This dividend amounts to $0.0575 for each common share. It’s scheduled for payment on August 15 to those who hold shares as of July 31.
Understanding the Dividend Reinvestment Plan
To enhance shareholder value, the Company provides a Dividend Reinvestment Plan (the “Plan”). This initiative allows common shareholders to easily purchase additional shares by reinvesting their cash dividends. Participants can benefit from potential discounts and can do so without incurring commissions or fees.
How the Plan Works
Through the Plan, and under the guidance of Timbercreek Capital Inc., shares may either be acquired in the open market at market rates or issued at 98% of the average market price calculated over the five trading days leading to three days before the dividend payment date. This pricing mechanism aims to benefit the shareholders while providing them with flexibility in managing their investments.
Enrollment Process for Shareholders
Common shares purchased via the Plan will be registered automatically for future reinvestment. However, shareholders who hold their shares through brokers or other institutions are required to enroll through their respective nominees to take part in this beneficial program.
About Timbercreek Financial
Timbercreek Financial holds a prominent position as a non-bank commercial real estate lender. The Company specializes in delivering structured financing solutions tailored to the needs of commercial real estate investors. It focuses on providing faster execution and more adaptable terms than traditional Canadian financial institutions, ensuring that investors have access to suitable financing options.
Commitment to Risk-Adjusted Returns
The sophisticated approach of Timbercreek emphasizes thorough underwriting, proactive management, and solid governance. By doing so, the Company effectively meets the unique requirements of borrowers while aiming to secure substantial risk-adjusted returns for its investors. This commitment to excellence positions Timbercreek as a leader in its sector.
Contact Information
For inquiries, you can reach out to:
Timbercreek Financial
R. Blair Tamblyn
Chief Executive Officer
Email: btamblyn@timbercreek.com
Website: www.timbercreekfinancial.com.
Frequently Asked Questions
What is the announced dividend amount for Timbercreek Financial?
Timbercreek Financial has announced a monthly cash dividend of $0.0575 per common share.
When will the dividend be paid?
The dividend is set to be paid on August 15 to shareholders on record as of July 31.
What is the Dividend Reinvestment Plan?
The Plan allows shareholders to reinvest their cash dividends to purchase additional shares, potentially at a discount.
How can shareholders enroll in the Plan?
Shareholders should enroll through their nominees if they hold shares via brokers or financial institutions.
What role does Timbercreek Capital Inc. play in the Plan?
Timbercreek Capital Inc. manages the Plan and determines how shares are purchased or issued under the Plan.
