CORRECTION -- Timbercreek Financial Declares October 2019 Dividend and Will Release Third Quarter 2019 Financial Results on W...
October 23 2019 - 08:16PM
In the news release originally issued on October 23, 2019,
inadvertent errors occurred in the following paragraphs: (1) in the
first paragraph, the payable date is November 15, 2019 and not
October 15, 2019 and the record date is October 31, 2019 and not
September 30, 2019; (2) in the first paragraph under “Third Quarter
2019 Financial Results” the live conference call will take place at
1:00 p.m. (EST) and not 10:00 a.m. (EST); and (3) under “Conference
Call Details” the Event Conference ID is 4285458 and not
3080839. The complete, corrected news release
follows:
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 common share (“Common Share”)
of the Company to be paid on November 15, 2019 to holders of Common
Shares of record on October 31, 2019.
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 and without
having to pay commissions, service charges or brokerage
fees.
Pursuant to the Plan and at the discretion of Timbercreek Asset
Management Inc., the Manager, Common Shares will be acquired in the
open market at prevailing prices or issued from treasury at 98
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 Company’s
website at
http://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-plan
Third Quarter 2019 Financial ResultsThe Company will release its
third quarter 2019 financial results on Wednesday, November 13,
2019. A live conference call to review the financial results will
take place at 1:00 p.m. (EST) on Thursday, November 14, 2019 which
will be followed by a question and answer period with analysts. A
quarterly investor presentation to accompany management's comments
during the conference call will be available an hour before the
call. Please visit www.timbercreekfinancial.com --
Investor Relations -- Webcasts & Presentations.
Conference Call Details:Speakers: Cam Goodnough, Chief
Executive Officer and Gigi Wong, Chief Financial Officer of the
CompanyDial-in-number(s): 1 (855) 223-7310Event Conference
ID: 4285458The playback of the conference call will be
available on www.timbercreekfinancial.com.
About Timbercreek Financial Timbercreek
Financial is a leading non-bank, commercial real estate lender
providing shorter-duration, structured financing 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
thorough underwriting, active management and strong governance, we
are able to meet these needs while targeting strong risk-adjusted
returns for investors.
CONTACT:Timbercreek FinancialCam GoodnoughPresident &
CEOcgoodnough@timbercreek.comwww.timbercreekfinancial.com
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