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Press release from CNW Group

Timbercreek Mortgage Investment Corporation October 2011 Dividend

Wednesday, October 19, 2011

Timbercreek Mortgage Investment Corporation October 2011 Dividend08:42 EDT Wednesday, October 19, 2011Toronto Stock Exchange: TMCTORONTO, Oct. 19, 2011 /CNW/ - Timbercreek Mortgage Investment Corporation (the "Fund") is pleased to announce that its board of directors (the "Board") has declared a monthly dividend of $0.068 per class A share ("Class A Shares") and $0.072 per class B share ("Class B Shares") of the Fund to be paid on November 15, 2011 to holders of Class A Shares or Class B Shares of record on October 31, 2011.The Fund also offers a Dividend Reinvestment Plan (the "Plan") to eligible holders of Class A Shares, that provides a convenient means to purchase additional Class A Shares by reinvesting their cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees.At the discretion of the Board of Directors of the Fund (the "Board"), Class A Shares for the reinvestment of distributions will be acquired in the open market at prevailing prices or issued from treasury at 95 percent of the average market price.  At this time, the Board confirms that the Fund will continue to issue shares from treasury until such time as the Board elects otherwise.  Class A Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Class A Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.As of October 19, 2011 there were 30,040,727 Class A Shares outstanding and 4,224,347 Class B Shares outstanding.The full text of the Plan can be obtained on the Timbercreek website at www.timbercreekfunds.com.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 cmorris@timbercreekfunds.com