Stock Name: TGF.UN
Amount: CAD 0.21
Announcement Date: 21/09/2011
Record Date: 28/09/2011
Dividend Detail:
Toronto Stock Exchange: TGF.UN
TORONTO, Sept. 21, 2011 /CNW/ - Timbercreek Global Real Estate Fund (the
"Fund") is pleased to announce that its board of directors (the
"Board") has declared a quarterly distribution of $0.210 per class A
unit of the Fund ("Class A Units") and class B unit of the Fund ("Class
B Units") to be paid on October 14, 2011 to holders of Class A Units
and B Units of record on September 30, 2011. As of September 21, 2011
there were 1,070,293 Class B Units.
About the Fund
The Fund, an investment fund formed under the laws of the Province of
Ontario and managed by Timbercreek Asset Management Ltd. (the
"Manager"), was established to invest in a globally diversified
portfolio of premier real estate securities (the "Portfolio"). The
Portfolio includes common equity, preferred shares and debt of both
public and private real estate investment trusts and real estate
companies in Canada, United States, United Kingdom, Continental Europe,
Japan, Australia, Hong Kong and other countries.
The Manager believes there is a compelling investment opportunity to
invest in a globally diversified portfolio of premier real estate
securities that exists because the global real estate securities market
is inefficient relative to that of the direct real estate or broader
equities markets. Managed by a specialized real estate manager, the
Fund's unique investment strategy has been designed to capitalize on
these pricing inefficiencies in order to deliver a stable income stream
that can be acquired at a price that the Manager believes does not
reflect the long-term value of the underlying assets. Furthermore,
Fund Manager believes that the current volatility in global equity
markets provides the Fund with the rare opportunity to assemble a
global portfolio of prime real estate securities at prices that
generate attractive, stable yields with the potential for capital
appreciation.
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