Timbercreek Mortgage Investment Corporation August 2013 Dividend

Toronto Stock Exchange: TMC

TORONTO, Aug. 21, 2013 /CNW/ - Timbercreek Mortgage Investment Corporation (the "Company") is pleased to announce that its board of directors (the "Board") has declared a monthly dividend of $0.063 per class A share ("Class A Shares") and $0.067 per class B share ("Class B Shares") of the Company to be paid on September 13, 2013 to holders of Class A Shares or Class B Shares of record on August 30, 2013.

As of August 21, 2013 there were 34,769,781 Class A Shares outstanding and 3,638,177 Class B Shares outstanding.

The Company also offers a Dividend Reinvestment Plan (the "Plan") to eligible holders of Class A Shares, that provides a convenient means to purchase additional Class A Shares by reinvesting their 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 the Board, Class A Shares for the reinvestment of distributions will be acquired in the open market at prevailing prices or issued from treasury at 95 percent of the average market price (the "Average Market Price") for the ten trading days period ending on the third business day immediately prior to the dividend payment date (the "Trading Period").  In accordance with the provisions of the Plan, in the event that the issue price from treasury would be less than the Net Redemption Value ("NRV") per Class A Share, Class A Shares shall be issued from treasury at a price equal to the NRV per Class A Share.

Class A Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Class A 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 Timbercreek website at http://www.timbercreek.com/funds/timbercreek-mortgage-investment-corporation/dividend-reinvestment-plan.

About the Company

The Company provides investors with an opportunity to receive attractive yields by investing indirectly, through holding shares of the Company, in mortgage loan investments selected and determined to be high quality by its manager, Timbercreek Asset Management Ltd.  The investment objective of the Company 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 Company to pay monthly distributions to its shareholders.

SOURCE: Timbercreek Mortgage Investment Corporation