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.
For further information:
Timbercreek Asset Management Ltd.