Toronto Stock Exchange: TGF.UN
TORONTO, March 21, 2012 /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 April 13, 2012 to holders of Class A Units and B Units of record on March 30, 2012. As of March 21, 2012 there were 968,216 Class B Units.
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.
For further information:
Timbercreek Asset Management