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Timbercreek Financial Declares May 2017 Dividend
By: Marketwired .
May. 19, 2017 04:15 PM
TORONTO, ON--(Marketwired - May 19, 2017) - Timbercreek Financial (the "Company") (TSX: TF) is pleased to announce that its board of directors (the "Board") has declared a monthly cash dividend of $0.057 per common share ("Common Share") of the Company to be paid on June 15, 2017 to holders of Common Shares of record on May 31, 2017.
The Company also offers a Dividend Reinvestment Plan (the "Plan"), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees.
Pursuant to the Plan and at the discretion of Timbercreek Asset Management Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the "Average Market Price") for the five trading day period ending on the third business day immediately prior to the dividend payment date (the "Trading Period").
Common Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.
The full text of the Plan can be obtained on the Company's website at http://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-plan
About Timbercreek Financial
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