Toronto Stock Exchange: MTG
TORONTO, Feb. 19, 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 March 14, 2014 to holders of Common Shares of record on
February 28, 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 receive attractive
yields by investing indirectly, through holding shares of the Company,
in mortgage loan investments, comprised of first mortgages, selected
and determined to be high quality by its manager, Timbercreek Asset
Management Inc. The investment objective of the Company is, with a
primary focus on capital preservation, to acquire and maintain a
diversified portfolio of mortgage loan investments that generates
attractive, stable returns in order to permit the Company to pay
monthly distributions to its shareholders.
SOURCE: Timbercreek Senior Mortgage Investment Corporation
For further information:
Timbercreek Asset Management Inc.