Timbercreek Senior Mortgage Investment Corporation Declares April 2016 Dividend

TORONTO, ON -- (Marketwired) -- 04/21/16 -- Timbercreek Senior Mortgage Investment Corporation (TSX: MTG) (the "Company") is pleased to announce that its board of directors (the "Board") has declared a monthly dividend of $0.05 per common share ("Common Shares"), of the Company. The dividend will be paid on May 13, 2016 to holders of Common Shares of record on April 29, 2016.

The Company 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, without having to pay commissions, service charges or brokerage fees. 

Pursuant to the Plan, and at the discretion of the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 95 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 SEDAR or on the Timbercreek website at http://www.timbercreekseniormic.com/investor-information/dividend-reinvestment-plan.

About the Company

The company provides investors with an opportunity to invest in a diversified portfolio of first only mortgages and loan investments originated and underwritten by the Timbercreek debt origination platform. The Company focuses on capital preservation and the generation of attractive, stable returns, allowing for the payment of monthly dividends to shareholders.

   CONTACT:Timbercreek Asset Management Inc.Carrie MorrisInvestor [email protected]

Source: Timbercreek Senior Mortgage Investment Corporation

You May Also Be Interested In

• Medicenna Announces Oral Presentation of MDNA11 Data from the Phase 1/2 ABILITY-1 Study at the 2024 ASCO Annual Meeting
• Coherus Announces Presentation at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting
• Ancestry® makes new record collection available for free to honor the 125,000+ people of Japanese descent unjustly incarcerated during and after World War II