CORRECTION -- Timbercreek Financial Declares October 2019 Dividend and Will Release Third Quarter 2019 Financial Results on Wednesday, November 13, 2019

TORONTO, Oct. 23, 2019 (GLOBE NEWSWIRE) -- In the news release originally issued on October 23, 2019, inadvertent errors occurred in the following paragraphs: (1) in the first paragraph, the payable date is November 15, 2019 and not October 15, 2019 and the record date is October 31, 2019 and not September 30, 2019; (2) in the first paragraph under “Third Quarter 2019 Financial Results” the live conference call will take place at 1:00 p.m. (EST) and not 10:00 a.m. (EST); and (3) under “Conference Call Details” the Event Conference ID is 4285458 and not 3080839.  The complete, corrected news release follows:

Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on November 15, 2019 to holders of Common Shares of record on October 31, 2019.

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

Third Quarter 2019 Financial Results
The Company will release its third quarter 2019 financial results on Wednesday, November 13, 2019. A live conference call to review the financial results will take place at 1:00 p.m. (EST) on Thursday, November 14, 2019 which will be followed by a question and answer period with analysts. A quarterly investor presentation to accompany management's comments during the conference call will be available an hour before the call. Please visit -- Investor Relations -- Webcasts & Presentations.

Conference Call Details:
Speakers: Cam Goodnough, Chief Executive Officer and Gigi Wong, Chief Financial Officer of the Company
Dial-in-number(s): 1 (855) 223-7310
Event Conference ID: 4285458
The playback of the conference call will be available on

About Timbercreek Financial
Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while targeting strong risk-adjusted returns for investors.

Timbercreek Financial
Cam Goodnough
President & CEO