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Attention Business/Financial Editors
Timbercreek Mortgage Investment Corporation Announces July 2010 Dividend for Privately Held Class B Shares
Toronto Stock Exchange: TMC
TORONTO, July 21 /CNW/ - Timbercreek Mortgage Investment Corporation (the
"Fund") is pleased to announce that its board of directors (the "Board") has
declared a monthly dividend of $0.075 per class B share of the Fund ("Class B
Shares") to be paid on August 13, 2010 to holders of Class B Shares of record
on July 30, 2010. As of July 21, 2010 there were 3,188,791 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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/For further information: Timbercreek Asset Management Inc., Sanjay
Junnarkar, Investor Relations, 416.306.9967 x266,
sjunnarkar@timbercreekfunds.com/
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