Toronto Stock Exchange: TGF.UN
TORONTO, June 20, 2012 /CNW/ - Timbercreek Global Real Estate Fund (the
"Fund") is pleased to announce that it has declared a distribution (the
"Distribution") for the month of June of $0.140 per class A unit of the
Fund ("Class A Unit") and Class B unit of the Fund ("Class B Unit") to
be paid on July 13, 2012 to holders of Class A Units and Class B Units
of record on June 29, 2012. Earlier in the second quarter, an advanced
distribution was paid on May 15, 2012 to Unitholders of record on April
27, 2012 of $0.070 per Class A Unit and Class B Unit, respectively, for
the month of April. The total combined distribution for the second
quarter is $0.210 per Class A Unit and Class B Unit, respectively.
As of June 20, 2012 there were 7,007,483 Class A Units and 1,048,056
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
(currently targeted at $0.84/unit/year) and preserve capital while
providing the opportunity for long-term capital appreciation.
SOURCE Timbercreek Global Real Estate Fund
For further information:
Timbercreek Asset Management Ltd.