Toronto Stock Exchange: MTG
TORONTO, Sept. 17, 2014 /CNW/ - Timbercreek Senior Mortgage Investment
Corporation (the "Company") is pleased to announce that its board of
directors (the "Board") has declared a monthly dividend of $0.050 per
common share ("Common Shares"), of the Company. The dividend will be
paid on October 15, 2014 to holders of Common Shares of record on
September 30, 2014.
The Company 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
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 SEDAR or on the Timbercreek
website at http://www.timbercreek.com/funds/timbercreek-senior-mortgage-investment-corporation/dividend-reinvestment-plan.
About the Company
The Company provides investors with an opportunity to invest in a
diversified portfolio of first-only mortgage investments originated and
underwritten by its manager, Timbercreek Asset Management Inc. (the
"Manager"). The Company focuses on capital preservation and the
generation of attractive, stable returns, allowing for the payment of
monthly dividends to shareholders.
SOURCE: Timbercreek Senior Mortgage Investment Corporation
For further information:
Timbercreek Asset Management Inc.