The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

TIMBERCREEK MORTGAGE INVESTMENT CORPORATION ANNOUNCES NOVEMBER 2010 DIVIDEND FOR PRIVATELY HELD CLASS B SHARES

Friday, November 19, 2010

TIMBERCREEK MORTGAGE INVESTMENT CORPORATION ANNOUNCES NOVEMBER 2010 DIVIDEND FOR PRIVATELY HELD CLASS B SHARES14:14 EST Friday, November 19, 2010Toronto Stock Exchange: TMCTORONTO, Nov. 19 /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 December 15, 2010 to holders of Class B Shares of record on November 30, 2010.  As of November 19, 2010 there were 3,400,291 Class 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 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. %SEDAR: 00026881EFor further information: Timbercreek Asset Management Ltd. Carrie Morris Investor Relations 416.306.9967 x250 cmorris@timbercreekfunds.com