Timbercreek Financial Corp T.TF

Alternate Symbol(s): T.TF.DB.D | T.TF.DB.E | TBCRF | T.TF.DB.C

Timbercreek Financial Corp is a Canada-based non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. The Company is focused on providing structured financing solutions to real estate owners and investors and acts as alternative asset class investment manager. The investment objective of the Company is to secure and grow a diversified portfolio of mortgage and other investments, generating an attractive risk adjusted return and monthly dividend payments to shareholders. The Company invests in a portfolio of structured mortgage loans primarily secured by income-producing commercial real estate, such as multi-residential, office and retail buildings located in urban markets across Canada.

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Timbercreek Financial Corp > Trading significantly below Book Value

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Comment by CanSiamCypon Dec 09, 2023 1:49pm

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Post# 35776347

RE:RE:Trading significantly below Book Value

The rules that govern MICs (Mortgage Investment Corporations) require them to pay out (I believe) 90-95% of their net income to shareholders (and which is taxable as Interest). So if they earn a lot per share, their payout (dividend) per share will logically be high!

So fears of a dividend cut are greatly overblown, in my opinion.

Cheers!

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