The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Timbercreek Senior Mortgage Investment Corporation April 2012 Dividend

Thursday, April 19, 2012

Timbercreek Senior Mortgage Investment Corporation April 2012 Dividend14:21 EDT Thursday, April 19, 2012 Toronto Stock Exchange: MTG TORONTO, April 19, 2012 /PRNewswire/ - Timbercreek Senior Mortgage Investment Corporation (the "Fund") is pleased to announce that its board of directors has declared a monthly dividend of $0.05 per class A share of the Fund to be paid on May 15, 2012 to holders of Class A Shares of record on April 30, 2012. As of April 19, 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. SOURCE Timbercreek Senior Mortgage Investment CorporationFor further information: <p> Timbercreek Asset Management Ltd.<br/> Carrie Morris<br/> Investor Relations<br/> 416.306.9967 x250<br/> <a href="mailto:cmorris@timbercreek.com">cmorris@timbercreek.com</a> </p>