Toronto Stock Exchange: MTG
TORONTO, March 21, 2012 /CNW/ - Timbercreek Senior Mortgage Investment Corporation (the "Fund") is pleased to announce that its board of directors (the "Board") has declared a monthly dividend of $0.05 per class A share of the Fund to be paid on April 13, 2012 to holders of Class A Shares of record on March 30, 2012.
As of March 21, 2012 there were 15,415,297 Class A Shares outstanding.
About the Fund
The Fund provides investors with an opportunity to receive attractive yields by investing indirectly, through holding shares of the Fund, in mortgage loan investments, comprised of first mortgages, selected and determined to be high quality by its manager, Timbercreek Asset Management Ltd. The investment objective of the Fund is, with a primary focus on capital preservation, to acquire and maintain a diversified portfolio of mortgage loan investments that generates attractive, stable returns in order to permit the Fund to pay monthly distributions to its shareholders.
For further information:
Timbercreek Asset Management Ltd.