TORONTO, ON--(Marketwired - December 19, 2017) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Timbercreek Investment Management Inc., the manager (the "Manager") of Timbercreek Global Real Estate Fund (TSX: TGF.UN) and Timbercreek Global Real Estate Income Fund, is pleased to announce that the special meetings (the "Special Meetings") of unitholders of both funds (the "Unitholders") were held today.

At the Special Meetings, the Unitholders approved the previously announced merger (the "Merger") of the Timbercreek Global Real Estate Fund into the Timbercreek Global Real Estate Income Fund, as contemplated in the management information circulars of the both funds dated November 14, 2017. It is proposed that the Merger will occur after the close of business on or about January 22, 2018. In anticipation of the Merger, it is expected that the Class A Units of the Timbercreek Global Real Estate Fund will be de-listed from the Toronto Stock Exchange at the close of trading on or about January 15, 2018.

Unitholders of Timbercreek Global Real Estate Fund who do not wish to be part of the Merger have the option to redeem their units for cash at net asset value as a special redemption right prior to the Merger. Units properly surrendered for redemption during the period from the first business day in December, 2017 until 4:00 p.m. (Toronto time) on December 22, 2017 will be redeemed on December 30, 2017 (the "Pre-Merger Redemption Date") and the Unitholder will receive payment on or before the 15th business day following the Pre-Merger Redemption Date. Redeeming Unitholders will receive a redemption price per unit equal to the net asset value per Class A Unit or Class B Unit of the fund, as applicable, on the Pre-Merger Redemption Date, less any costs and expenses incurred by the Fund in order to fund such redemption, including brokerage costs, if any.

For more information on either fund, the Merger or Timbercreek, please visit our website at www.timbercreek.com.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will", "estimate", "proposed" and similar expressions to the extent they relate to the funds and the Manager. The forward-looking statements are not historical facts but reflect the current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the funds and the Manager believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the funds nor the Manager undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.