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May 22, 2012 at 22:42 PM EDT
Timbercreek Senior Mortgage Investment Corporation May 2012 Dividend
Toronto Stock Exchange: MTG
TORONTO, May 22, 2012 /CNW/ - 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 ("Class A Shares") to be paid on June 15, 2012 to holders of Class A Shares of record on May 31, 2012.
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 the Fund, 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.
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