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Press release from CNW Group

Timbercreek Mortgage Investment Corporation announces August 2010 dividend for privately held Class B Shares

Monday, August 23, 2010

Timbercreek Mortgage Investment Corporation announces August 2010 dividend for privately held Class B Shares12:54 EDT Monday, August 23, 2010Toronto Stock Exchange: TMCTORONTO, Aug. 23 /CNW/ - Timbercreek Mortgage Investment Corporation (the "Fund") is pleased to announce that its board of directors (the "Board") has declared a monthly dividend of $0.075 per class B share of the Fund ("Class B Shares") to be paid on September 15, 2010 to holders of Class B Shares of record on August 31, 2010. As of August 23, 2010 there were 3,456,291Class B Shares outstanding.About the FundThe Fund provides investors with an opportunity to receive attractive yields by investing indirectly, through holding shares of the Fund, in mortgage loan investments selected and determined to be high quality by its manager, Timbercreek Asset Management Inc. 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.%SEDAR: 00026881EFor further information: Timbercreek Asset Management Inc., Sanjay Junnarkar, Investor Relations, 416.306.9967 x266, sjunnarkar@timbercreekfunds.com