Timbercreek Asset Management

Timbercreek Financial Comments on Group Sélection Loans

Retrieved on: 
Tuesday, December 13, 2022
Cultural group selection, First Franklin Financial Corp., CCAA, Timbercreek Asset Management, TSX, Investment, Risk, Comment, Retirement, Bank, Security (finance)

TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (the “Company” or “Timbercreek Financial”) today provided commentary and clarification on its loans to Groupe Sélection Inc. (“Groupe Sélection”), one of Canada’s largest private companies in the retirement community sector.

Key Points: 
  • TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (the “Company” or “Timbercreek Financial”) today provided commentary and clarification on its loans to Groupe Sélection Inc. (“Groupe Sélection”), one of Canada’s largest private companies in the retirement community sector.
  • Timbercreek is in the business of originating commercial mortgages and often works with third-party lenders to share loans based on different risk and return criteria.
  • Timbercreek Financial is actively representing itself and its syndication partners legally and is closely involved in the current proceedings before the courts.
  • Blair Tamblyn, CEO of Timbercreek Financial, said: “While we do not typically comment on individual loans, we felt it was important to clarify our net exposure in this circumstance.

Timbercreek Capital forms strategic partnership with a large global institutional investor to launch the Timbercreek North American Mortgage Fund

Retrieved on: 
Wednesday, April 27, 2022
Capital, CEO, Income, Solution, GLOBE, Real estate, Bank, Financial services, Timbercreek Asset Management

TORONTO, April 27, 2022 (GLOBE NEWSWIRE) -- Timbercreek Capital is pleased to announce its continued expansion in the United States with the launch of its first open-ended North American private debt fund, with a large global institutional investor as strategic partner and lead investor.

Key Points: 
  • TORONTO, April 27, 2022 (GLOBE NEWSWIRE) -- Timbercreek Capital is pleased to announce its continued expansion in the United States with the launch of its first open-ended North American private debt fund, with a large global institutional investor as strategic partner and lead investor.
  • The Timbercreek North American Mortgage Fund (TNAM) is a diversified real estate debt strategy focused on actively investing in shorter-term commercial real estate-secured mortgages in select markets in the United States and Canada.
  • Timbercreek firmly believes that actively managed debt will be an accretive component of investment portfolios in both the short and long-term, said Blair Tamblyn, CEO of Timbercreek.
  • Timbercreeks team of 40+ investment professionals have extensive domain expertise in these markets and combine an entrepreneurial growth focus with institutional risk management.

Timbercreek Financial’s best-in-class gender diversity recognized for second straight year

Retrieved on: 
Friday, March 25, 2022
Organization, Leadership, Globe, Business, Culture, Environment, Woman, CEO, The Globe and Mail, Industry, Â, GLOBE, Solution, Management, Online gambling, Timbercreek Asset Management

Timbercreek has earned a spot on the list for best-in-class executive gender diversity in Canada.

Key Points: 
  • Timbercreek has earned a spot on the list for best-in-class executive gender diversity in Canada.
  • Now in its second year, the Women Lead Here initiative evaluates gender representation in the top three tiers of executive leadership at the 500 largest publicly traded companies in Canada.
  • It is such a privilege to be among the most gender-diverse corporations in Canada for a second consecutive year, said Blair Tamblyn, CEO of Timbercreek.
  • Timbercreek has proudly established a culture that inspires leadership amongst all employees throughout the organization, regardless of gender or job title.

Boyden Canada Appoints Michael Lewis Partner, Bringing Innovative Talent to Clients in Financial Services and Real Estate

Retrieved on: 
Wednesday, October 20, 2021
Committee on Finance, Real estate, CFA, TD Bank, Timbercreek Asset Management, Partner, Big Brothers Big Sisters, TD, Mentorship, MBA, Schulich School of Business, Leadership, Associate, Entrepreneurship, CEO, Insurance, Chairperson, GLOBE, Science and technology in Asia, University, Financial services, Deloitte, Equitable Bank, York University, University of Toronto, Talent, Americas, Commercial property, Bachelor of Science, Management

Michael joins Boydens global financial services practice and will work with local, regional and international clients to help them secure next generation talent in financial services and real estate.

Key Points: 
  • Michael joins Boydens global financial services practice and will work with local, regional and international clients to help them secure next generation talent in financial services and real estate.
  • Under Michaels leadership, Boyden Canada will continue to strengthen services in banking & capital markets, financial consulting, fintech, institutional asset management, insurance, real estate, wealth management and private banking.
  • Michael is a great addition to our financial services practice, bringing next generation and rare talent to the table through his executive search, banking and real estate experience, commented Carlos Dafauce Global Co-Leader, Financial Services Practice and Partner, Spain.
  • Previously, he served as Managing Director, Financial Services and Real Estate at an executive search firm specializing in financial services.

Timbercreek Financial Declares July 2021 Dividend

Retrieved on: 
Friday, July 23, 2021
Financial markets, Financial economics, Finance, Stock market, Equity securities, Dividend, Share, Common stock, Short, Timbercreek Asset Management

TORONTO, July 23, 2021 (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 August 13, 2021 to holders of Common Shares of record on July 30, 2021.

Key Points: 
  • TORONTO, July 23, 2021 (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 August 13, 2021 to holders of Common Shares of record on July 30, 2021.
  • Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.
  • Timbercreek 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.

Timbercreek Financial Announces Exercise of Over-Allotment Option in connection with Bought Deal Offering of Convertible Debentures

Retrieved on: 
Thursday, July 15, 2021
Finance, Money, Sports, Loans, Corporate finance, Debenture, Debt, Real estate investing, Timbercreek Asset Management

The exercise of the over-allotment option brings the total aggregate principal amount of Debentures issued by the Company to $55.0 million.

Key Points: 
  • The exercise of the over-allotment option brings the total aggregate principal amount of Debentures issued by the Company to $55.0 million.
  • The Debentures are listed on the Toronto Stock Exchange under the symbol TF.DB.D.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
  • This news release contains forward-looking statements about Timbercreek Financial, including, but not limited to, the proposed use of proceeds from the offering.

Timbercreek Financial Announces Increase to Previously Announced Bought Deal Offering of Convertible Debentures to $50 Million

Retrieved on: 
Wednesday, June 23, 2021
Finance, Money, Economy, Debt, Credit, Corporate finance, Debenture, Bank, Subordinated debt, Subordination, Timbercreek Asset Management

TORONTO, June 23, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) today announced that, due to strong demand, it has increased the size of the previously announced bought deal offering (the Offering) to $50 million aggregate principal amount of 5.25% convertible unsecured subordinated debentures of the Company due July 31, 2028 (the Debentures) at a price of $1,000 per Debenture.

Key Points: 
  • TORONTO, June 23, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) today announced that, due to strong demand, it has increased the size of the previously announced bought deal offering (the Offering) to $50 million aggregate principal amount of 5.25% convertible unsecured subordinated debentures of the Company due July 31, 2028 (the Debentures) at a price of $1,000 per Debenture.
  • If the over-allotment option is exercised in full, the gross proceeds of the offering will total $55 million.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
  • This news release contains forward-looking statements about Timbercreek Financial, including, but not limited to, anticipated sales of the Debentures and the proposed use of proceeds from the offering.

Timbercreek Financial Declares June 2021 Dividend

Retrieved on: 
Wednesday, June 23, 2021
Financial markets, Financial economics, Finance, Stock market, Equity securities, Dividend, Share, Common stock, Short, Timbercreek Asset Management

TORONTO, June 22, 2021 (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 July 15, 2021 to holders of Common Shares of record on June 30, 2021.

Key Points: 
  • TORONTO, June 22, 2021 (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 July 15, 2021 to holders of Common Shares of record on June 30, 2021.
  • Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.
  • Timbercreek 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.

Timbercreek Financial Announces $45 Million Bought Deal Offering of Convertible Debentures and Redemption of 5.45% Convertible Unsecured Debentures

Retrieved on: 
Tuesday, June 22, 2021
Finance, Money, Sports, Corporate finance, Debenture, Debt, Loans, Real estate investing, Timbercreek Asset Management

If the over-allotment option is exercised in full, the gross proceeds of the offering will total $51.75 million.

Key Points: 
  • If the over-allotment option is exercised in full, the gross proceeds of the offering will total $51.75 million.
  • The Company also announces that it has issued a notice of redemption to holders of the 5.45% Debentures, representing a redemption in full of all of the currently outstanding 5.45% Debentures.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
  • This news release contains forward-looking statements about Timbercreek Financial, including, but not limited to, anticipated sales of the Debentures and the proposed use of proceeds from the offering.

Timbercreek Financial Announces ATM Offering

Retrieved on: 
Friday, June 18, 2021
Money, Finance, Economy, Loans, Mortgage loan, Financial market, Automated teller machine, Real estate investing, Bank, Timbercreek Asset Management

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) today announced that it has established an at-the-market equity program (the ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales amount of up to $90 million (the Maximum Amount) to the public from time to time, at the Companys discretion.

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) today announced that it has established an at-the-market equity program (the ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales amount of up to $90 million (the Maximum Amount) to the public from time to time, at the Companys discretion.
  • The Company is committed to diversifying its sources of capital to fund mortgage originations and enhanced return portfolio investments, said Blair Tamblyn, Chief Executive Officer of Timbercreek Financial.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
  • This news release contains forward-looking statements about Timbercreek Financial, including, but not limited to, anticipated sales of Common Shares through the ATM Program and the proposed use of proceeds from the ATM Program.