Toronto Stock Exchange: TGF.UN
TORONTO, June 19, 2014 /CNW/ - Timbercreek Global Real Estate Fund (the
"Fund") is pleased to announce it has declared a quarterly distribution
of $0.210 per class A unit of the Fund ("Class A Units") and class B
unit of the Fund ("Class B Units") to be paid on July 15, 2014 to
holders of Class A Units and Class B Units of record on June 30, 2014.
The Fund does not have a fixed quarterly distribution but annually
determines the expected distribution amount in March of each year. In
conformity with the March 2014 review, the Fund has determined that it
intends to maintain a quarterly distribution of $0.21 per Unit ($0.84
per annum) until the next annual determination in March 2015.
As of June 19, 2014 there were 5,743,869 Class A Units and 793,733 Class
B Units outstanding.
About the Fund
The Fund invests in a diversified portfolio of prime real estate asset
securities including common equity, preferred shares and debt of both
private and public real estate investment trusts and real estate
companies around the world. The Fund's investment objectives are to
generate stable cash flow to provide distributions to unitholders and
preserve capital while providing the opportunity for long-term capital
SOURCE: Timbercreek Global Real Estate Fund
For further information:
Timbercreek Asset Management