Timbercreek Global Real Estate Fund Announces First Quarter Distribution for 2016

Toronto Stock Exchange: TGF.UN

TORONTO, March 22, 2015 /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 $0.210 per class B unit of the Fund ("Class B Units") to be paid on April 15, 2016 to holders of Class A Units and Class B Units of record on March 31, 2016.

In conformity with the March 2016 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 2017.

As of March 22, 2015 there were 6,755,074 Class A Units and 759,414 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 appreciation. 

SOURCE Timbercreek Global Real Estate Fund

For further information: Timbercreek Asset Management: Carrie Morris, Investor Relations, cmorris@timbercreek.com


Organization Profile

Timbercreek Global Real Estate Fund

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890