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Press release from CNW Group

Correction to Class B Dividend Announced January 20th

Thursday, January 27, 2011

Correction to Class B Dividend Announced January 20th12:24 EST Thursday, January 27, 2011Toronto Stock Exchange TMCTORONTO, Jan. 27 /CNW/ - Timbercreek Mortgage Investment Corporation (the "Fund") announces a correction to the December dividend for holder of class B shares of the Fund ("Class B Shares") reported in the press release issued January 20th, 2011.  The Fund will pay $0.072 (previously reported as $0.073) per Class B Share on February 15, 2011 to holders of Class B Shares of record on January 27th, 2011.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. For further information: Timbercreek Asset Management Ltd. Carrie Morris Investor Relations 416.306.9967 x250