TORONTO, Sept. 22, 2022 today techs (GLOBE NEWSWIRE) — Timbercreek Monetary (TSX: TF) (the “Firm”) is happy to announce that it has declared a month-to-month money dividend of $0.0575 per frequent share (“Frequent Share”) of the Firm to be paid on October 14, today techs 2022 to holders of Frequent Shares of file on September 30, 2022.
The Firm additionally provides a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Frequent Shares and offers a handy means to buy further Frequent Shares by reinvesting money dividends today techs at a possible low cost and with out having to pay commissions, service costs or brokerage charges.
Pursuant to the Plan and on the discretion of Timbercreek Capital Inc., the Supervisor, Frequent Shares can be acquired within the open market at prevailing costs or issued from treasury at 98 % of the typical market value (the “Common Market Worth”) for the 5 buying and selling day interval ending on the third enterprise day instantly previous to the dividend fee date (the “Buying and selling Interval”).
Frequent Shares acquired below the Plan can be mechanically enrolled within the Plan. Shareholders who maintain their Frequent Shares by a dealer, monetary establishment or different nominee today techs should enroll for distribution reinvestment by their nominee holder.
The complete textual content of the Plan will be obtained on the Firm’s web site at https://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-plan
About Timbercreek Monetary
Timbercreek Monetary is a number one non-bank, industrial actual property lender offering shorter-duration, structured financing options to industrial actual property traders. Our subtle, service-oriented method permits us to fulfill the wants of debtors, together with sooner execution and extra versatile phrases that aren’t sometimes supplied by Canadian monetary establishments. By using thorough underwriting, lively administration and robust governance, we’re in a position to meet these wants whereas focusing on robust risk-adjusted returns for traders.