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Timbercreek Financial Corp. (TF.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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7.65+0.01 (+0.10%)
As of 2:11PM EDT. Market open.
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Previous Close7.64
Open7.64
Bid7.64 x 0
Ask7.66 x 0
Day's Range7.58 - 7.73
52 Week Range5.91 - 10.31
Volume55,731
Avg. Volume65,526
Market Cap622.039M
Beta (5Y Monthly)1.02
PE Ratio (TTM)13.49
EPS (TTM)0.57
Earnings DateAug. 11, 2020
Forward Dividend & Yield0.69 (8.96%)
Ex-Dividend DateOct. 29, 2020
1y Target Est9.01
  • Timbercreek Financial Declares October 2020 Dividend
    GlobeNewswire

    Timbercreek Financial Declares October 2020 Dividend

    TORONTO, Oct. 22, 2020 (GLOBE NEWSWIRE) -- 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 13, 2020 to holders of Common Shares of record on October 30, 2020. 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 Capital 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 https://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-planAbout Timbercreek FinancialTimbercreek 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.CONTACT: Timbercreek Financial Cam Goodnough President & CEO cgoodnough@timbercreek.com www.timbercreekfinancial.com

  • GlobeNewswire

    Timbercreek Financial Declares September 2020 Dividend

    TORONTO, Sept. 23, 2020 (GLOBE NEWSWIRE) -- 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 October 15, 2020 to holders of Common Shares of record on September 30, 2020. 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 Capital 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 https://www.timbercreekfinancial.com/investor-relations/dividend-reinvestment-plan About Timbercreek FinancialTimbercreek 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.CONTACT: Timbercreek Financial Cam Goodnough President & CEO cgoodnough@timbercreek.com www.timbercreekfinancial.com

  • GlobeNewswire

    Timbercreek Financial Exercises Accordion Feature of its Revolving Credit Facility and Announces Redemption of 5.40% Convertible Unsecured Debentures

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (“Timbercreek Financial” or the “Company”) is pleased to announce that it has entered into an amendment to its existing revolving credit facility (“Credit Facility”) in order to, among other things, exercise a portion of the accordion feature of the Credit Facility. The exercise of the accordion feature has increased the total revolving commitment of the lenders under the Credit Facility by $35,000,000, bringing the aggregate limit under the Credit Facility to $535,000,000. General terms of the Credit Facility remain unchanged.The Company also announces that it has issued a notice of redemption to holders of the 5.40% convertible unsecured subordinated debentures due July 31, 2021 (the “Debentures”), representing a redemption in full of all of the currently outstanding Debentures.The Debentures will be redeemed on October 22, 2020 (the “Redemption Date”) in accordance with their terms. The Debentures will be redeemed at a redemption price of $1,000 plus accrued and unpaid interest of $12.2459 up to but excluding the Redemption Date, both per $1,000 principal amount of Debentures. As of the close of trading on September 17, 2020, the aggregate principal amount of the Debentures outstanding was $45,800,000. The Company intends to draw from its Credit Facility to fund the redemption price plus accrued and unpaid interest.The Debentures are currently listed for trading on the Toronto Stock Exchange under the symbol “TF.DB.A” and may be converted in accordance with their terms into common shares of the Company until the close of business on October 21, 2020.About Timbercreek FinancialTimbercreek 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.DisclaimersThis news release contains forward-looking statements about Timbercreek Financial. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “intend”, “plan”, “seek”, “strive”, “will”, “may”, “potential” and “should” and similar expressions concerning matters that are not historical facts. By their nature, forward looking statements reflect the Company's current views, beliefs, assumptions and intentions, and are subject to certain risks and uncertainties, known and unknown, including, without limitation, risks disclosed in the Company's public filings. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward-looking statements. The Company does not intend to nor assumes any obligation to update these forward-looking statements whether as a result of new information, plans, events or otherwise, unless required by law.For further information: Timbercreek Financial Cam Goodnough President & Chief Executive Officer cgoodnough@timbercreek.com