Toronto Stock Exchange: MTG
TORONTO, March 11, 2016 /CNW/ - Timbercreek Senior Mortgage Investment Corporation (the "Company") has announced today the resignation of Mr. Glenn Shyba from the Company's board of directors (the "Board") of the Company, effective immediately. Mr. Shyba joined the Board at its inception, and the remaining directors, together with the manager, Timbercreek Asset Management Inc., would like to thank Mr. Shyba for his time and dedication over the past five years.
"Mr. Shyba has been an integral part of the Board since the formation of the Company," said Blair Tamblyn, Chair of the Board. "He has been a key contributor among the independent directors, providing valuable insight and expertise to the direction and oversight of the management. We wish him all the best in his future endeavours."
About the Company
The Company provides investors with an opportunity to invest in a diversified portfolio of first only mortgages and loan investments originated and underwritten by the Timbercreek debt origination platform. The Company focuses on capital preservation and the generation of attractive, stable returns, allowing for the payment of monthly dividends to shareholders.
SOURCE Timbercreek Senior Mortgage Investment Corporation
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Timbercreek Asset Management Inc.