Timbercreek Global Real Estate Fund Announces an Advanced Distribution

Toronto Stock Exchange: TGF.UN

TORONTO, Feb. 17 /CNW/ - Timbercreek Global Real Estate Fund (the "Fund") is pleased to announce that its board of directors (the "Board") has declared an advanced distribution (the "Advanced Distribution") of $0.140 per class A unit ("Class A Unit") and Class B unit ("Class B Unit") of the Fund to be paid on March 15, 2011 to holders of Class A Units and Class B Units of record on February 28, 2011.  The Advanced Distribution is equivalent to two-thirds of the quarterly distribution per Class A Unit and Class B Unit, respectively.  A further first quarter distribution will be paid on April 15, 2011 to Unitholders of record on March 31, 2011 of $0.07 per Class A Unit and Class B Unit, respectively.

The Advanced Distribution has been declared in light of the proposed offering of Class A Units and Class B Units and pursuant to a preliminary prospectus dated February 4, 2011 (the "Offering").  The Offering is intended to close prior to the next quarterly record date, March 31, 2011, and the Advanced Distribution is intended to minimize any dilution to the Fund resulting from the issuance of additional Class A Units and Class B Units.  Details of the Advanced distribution are also included in the preliminary prospectus.

As of February 16, 2011 there were 875,727 Class B Units outstanding. 

About the Fund

The Fund, an investment fund formed under the laws of the Province of Ontario and managed by Timbercreek Asset Management Ltd.(the "Manager") was established to invest in a globally diversified portfolio of premier real estate securities (the "Portfolio") including  common equity, preferred shares and debt of both public and private real estate investment trusts and real estate companies in Canada, United States, United Kingdom, Continental Europe, Japan, Australia, Hong Kong and other countries.  The Manager has engaged FSX Securities Canada, Inc. (the "Global Investment Advisor") to provide portfolio management services to the Fund.  Through the Manager's partnership with the Global Investment Advisor, the Fund is supported by a team of real estate analysts based in Toronto, New York, London and Hong Kong that are strictly dedicated to analyzing and investing in real estate securities. 

The Manager believes there is a compelling investment opportunity to invest in a globally diversified portfolio of premier real estate securities that exists because the global real estate securities market is inefficient relative to that of the direct real estate or broader equities markets.  Managed by a specialized real estate manager, the Fund's unique investment strategy has been designed to capitalize on these pricing inefficiencies in order to deliver a stable income stream that can be acquired at a price that the Manager believes does not reflect the long-term value of the underlying assets.  Furthermore, Global Investment Advisor believes that the current volatility in global equity markets provides the Fund with the rare opportunity to assemble a global portfolio of prime real estate securities at prices that generate attractive, stable yields with the potential for capital appreciation.

SOURCE Timbercreek Global Real Estate Fund

For further information:

Timbercreek Asset Management Inc.
Carrie Morris
Investor Relations
416.306.9967 x250

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Timbercreek Global Real Estate Fund

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