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Timbercreek Financial declares November 2020 dividend Toronto Stock Exchange: TF

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TORONTO, Nov. 20, 2020 (GLOBE NEWSWIRE) – Timbercreek Financial (TSX: TF) (the company) is pleased to announce that its board of directors (the board) has declared a monthly cash dividend of $ 0.0575 per share ordinary (ordinary shares Unit) of the Company payable on December 15, 2020 to holders of ordinary shares of record on November 30, 2020.

The company also offers a dividend reinvestment plan (the plan), which is eligible for holders of common shares and provides a convenient way to purchase additional common shares by reinvesting the dividends in cash at a potential discount and without having to. pay commissions, service fees or brokerage fees. fees.

Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued by Treasury at 98% of the mid-market price (the mid-market price). for the five trading day period ending on the third business day immediately before the dividend payment date (the trading period).

Common shares acquired under the plan will automatically be enrolled in the plan. Shareholders who hold their Common Shares through a broker, financial institution or other nominee must register for reinvestment of distributions through their nominee.

The full text of the plan can be obtained from the company’s website at https://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-plan

About Timbercreek Financial

Timbercreek Financial is a leading non-bank commercial real estate lender providing short-term structured finance solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing rigorous underwriting, active management and strong governance, we are able to meet these needs while targeting strong risk-adjusted returns for investors.

CONTACT:
Timbercreek Financial
Blair tamblyn
General manager
[email protected]
www.timbercreekfinancial.com

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