Toronto Stock Exchange: MTG
TORONTO, March 26, 2014 /CNW/ - Timbercreek Senior Mortgage Investment Corporation (the "Company") is pleased to announce that its Board of Directors (the "Board") has appointed David Melo as Chief Financial Officer ("CFO"), effective March 25, 2014. As CFO, Mr. Melo will be responsible for overseeing financial and taxation reporting, treasury and corporate financings for the Company.
"As Managing Director, Finance at Timbercreek Asset Management (the Manager of the Company), David has taken on steadily increasing responsibility for the financial operations of Timbercreek Senior Mortgage Investment Corporation since inception of the business and especially during our transition from the investment fund regime," said Blair Tamblyn, Chairman of the Company. "Given the increased reporting requirements associated with the corporate issuer regime, we feel it is appropriate to appoint David as the Company's CFO. This appointment, as well as the previous appointment of Andrew Jones to CEO, further enhances our commitment to shareholder reporting and strong governance."
Mr. Melo joined Timbercreek in November 2004 and is Managing Director, Finance and Chief Compliance Officer for the Timbercreek group of companies. Mr. Melo holds a Bachelor of Commerce, Honours from McMaster University and holds the Chartered Accountant designation.
About the Company
The Company provides investors with an opportunity to invest in a diversified portfolio of first-only mortgage investments originated and underwritten by its manager, Timbercreek Asset Management Inc. (the "Manager"). The Company focuses on capital preservation and the generation of attractive, stable returns, allowing for the payment of monthly dividends to shareholders.
Certain statements contained in this news release may contain projections and "forward looking statements" within the meaning of that phrase under Canadian securities laws. When used in this news release, the words "may", "would", "should", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "objective" and similar expressions may be used to identify forward looking statements. By their nature, forward looking statements reflect the Manager's and the Company's current views, beliefs, assumptions and intentions, and are subject to certain risks and uncertainties, known and unknown, including, without limitation, risks disclosed in the Company's public filings. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward looking statements. The Company does not intend to nor assumes any obligation to update these forward looking statements whether as a result of new information, plans, events or otherwise, unless required by law.
SOURCE: Timbercreek Senior Mortgage Investment Corporation
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Timbercreek Asset Management Inc.