Timbercreek Mortgage Investment Corporation announces November 2008 dividend for privately held Class B Shares
Toronto Stock Exchange: TMC
TORONTO, Nov. 20 /CNW/ - Timbercreek Mortgage Investment Corporation (the "Fund") is pleased to announce that its board of directors (the "Board") has declared a monthly dividend of $0.0829 per class B share of the Fund ("Class B Shares") to be paid on December 12, 2008 to holders of Class B Shares of record on November 30, 2008. As of October 23, 2008 there were 1,509,279 Class B 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 selected and determined to be high quality by its manager, Timbercreek Asset Management Inc. 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.
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