Toronto Stock Exchange: TMC
TORONTO, Jan. 20, 2016 /CNW/ - Timbercreek Mortgage
Investment Corporation (the "Company") is pleased to announce that
its board of directors (the "Board") has declared a monthly
dividend of $0.06 per common share
("Common Share") of the Company to be paid on February 12, 2016 to holders of Common Shares of
record on January 29, 2016.
The Company also offers a Dividend Reinvestment Plan (the
"Plan"), which is eligible to holders of Common Shares and provides
a convenient means to purchase additional Common Shares by
reinvesting cash dividends at a potential discount, without having
to pay commissions, service charges or brokerage fees.
Pursuant to the Plan, and at the discretion of the Manager,
Common Shares will be acquired in the open market at prevailing
prices or issued from treasury at 95 percent of the average market
price (the "Average Market Price") for the five trading day period
ending on the third business day immediately prior to the dividend
payment date (the "Trading Period").
Common Shares acquired under the Plan will be automatically
enrolled in the Plan. Shareholders who hold their Common Shares
through a broker, financial institution or other nominee must
enroll for distribution reinvestment through their nominee
holder.
The full text of the Plan can be obtained on the Timbercreek
website at
http://www.timbercreekmic.com/investor-information/dividend-reinvestment-plan.
About the Company
The company provides investors with an opportunity to invest in
a diversified portfolio of mortgages and loan investments
originated and underwritten by the Timbercreek debt origination
platform. The Company focuses on capital preservation and the
generation of attractive, stable returns, allowing for the payment
of monthly dividends to shareholders.
SOURCE Timbercreek Mortgage Investment Corporation