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Timbercreek Financial Declares August 2025 Dividend
Globenewswire· 2025-08-21 21:00
Core Points - Timbercreek Financial has declared a monthly cash dividend of $0.0575 per common share, payable on September 15, 2025, to shareholders of record on August 29, 2025 [1] - The company offers a Dividend Reinvestment Plan that allows shareholders to reinvest cash dividends into additional common shares at a potential discount without incurring commissions or fees [2] - Under the Dividend Reinvestment Plan, shares can be acquired in the open market or issued from treasury at 98% of the average market price during a specified trading period [3] - Timbercreek Financial is a non-bank commercial real estate lender that provides structured financing solutions, focusing on faster execution and flexible terms compared to traditional Canadian financial institutions [4]
OR Royalties Declares Third Quarter 2025 Dividend
GlobeNewswire News Room· 2025-08-05 20:52
Core Points - OR Royalties Inc. has announced a third quarter 2025 dividend of US$0.055 per common share, payable on October 15, 2025, to shareholders of record as of September 30, 2025 [1] - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] - Shareholders in Canada will receive the Canadian dollar equivalent based on the Bank of Canada's daily rate on September 30, 2025 [2] Dividend Reinvestment Plan - The company has implemented a dividend reinvestment plan (DRIP) for shareholders in Canada and the United States, allowing them to reinvest dividends into additional shares [3] - Non-registered beneficial shareholders may need to re-register due to a corporate name change and should consult their financial institutions for details [4] - Shareholders interested in participating in the DRIP should contact their financial advisors or the company's transfer agent for enrollment information [5] Company Overview - OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, including Canada, the United States, and Australia [7] - The company has grown from a single producing asset in June 2014 to a portfolio of over 195 royalties, streams, and similar interests [7] - The cornerstone asset is a 3-5% net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic Complex, one of the largest gold mines globally [7]
Timbercreek Financial Declares July 2025 Dividend
GlobeNewswire News Room· 2025-07-22 21:00
Core Points - Timbercreek Financial has declared a monthly cash dividend of $0.0575 per common share, payable on August 15, 2025, to shareholders of record on July 31, 2025 [1] - The company offers a Dividend Reinvestment Plan that allows shareholders to reinvest cash dividends into additional common shares at a potential discount without incurring commissions or fees [2] - Under the Dividend Reinvestment Plan, shares will be acquired either in the open market at prevailing prices or issued from treasury at 98% of the average market price for the five trading days prior to the dividend payment date [3] - Shareholders holding shares through brokers or other nominees must enroll for the reinvestment plan through their respective nominee [4] - Timbercreek Financial is a non-bank commercial real estate lender that provides structured financing solutions, focusing on faster execution and flexible terms compared to traditional Canadian financial institutions [4]
Timbercreek Financial Declares July 2025 Dividend
Globenewswire· 2025-07-22 21:00
Core Points - Timbercreek Financial has declared a monthly cash dividend of $0.0575 per common share, payable on August 15, 2025, to shareholders of record on July 31, 2025 [1] - The company offers a Dividend Reinvestment Plan that allows shareholders to reinvest cash dividends to purchase additional common shares at a potential discount without incurring commissions or fees [2] - Under the Dividend Reinvestment Plan, shares can be acquired in the open market or issued from treasury at 98% of the average market price for the five trading days prior to the dividend payment date [3] - Common shares acquired through the Plan will be automatically enrolled, and shareholders holding shares through brokers must enroll for reinvestment through their nominee [4] - Timbercreek Financial is a non-bank commercial real estate lender that provides structured financing solutions, focusing on faster execution and flexible terms compared to traditional Canadian financial institutions [4]
Herzfeld Credit Income Fund, Inc. Announces Board Approval of Change in Dividend Reinvestment Policy
Globenewswire· 2025-07-16 20:00
Core Viewpoint - Herzfeld Credit Income Fund, Inc. has announced amendments to its Dividend Reinvestment Plan to align with industry standards, allowing for more flexibility in share issuance regardless of market conditions [1][2]. Group 1: Amendments to the Dividend Reinvestment Plan - The amendments to the Plan will take effect 30 days after notice is mailed to shareholders [1]. - The new Plan allows the Fund to issue new shares to participants regardless of whether the common stock is trading at a premium or discount to the Fund's NAV, differing from the previous requirement to purchase shares on the open market when trading below NAV [2]. - The number of shares received upon reinvestment will be calculated by dividing the distribution amount by 95% of the market price per share at the close of regular trading on the exchange, or the average of the closing bid and asked quotations if there is no sale on that date [3]. Group 2: Shareholder Engagement - The Fund encourages shareholders to review the amended Plan to decide on their participation [4]. Group 3: Company Background - Thomas J. Herzfeld Advisors, Inc., founded in 1984, is the SEC registered investment advisor for the Fund, specializing in investment analysis and account management in closed-end funds [5].
Timbercreek Financial Declares May 2025 Dividend
Globenewswire· 2025-05-23 21:00
Core Viewpoint - Timbercreek Financial has declared a monthly cash dividend of $0.0575 per common share, payable on June 13, 2025, to shareholders of record on May 30, 2025 [1] Dividend Information - The company offers a Dividend Reinvestment Plan (the "Plan") that allows holders of common shares to reinvest cash dividends at a potential discount without incurring commissions or fees [2] - Under the Plan, common shares will be acquired either in the open market at prevailing prices or issued from treasury at 98% of the average market price for the five trading days ending on the third business day prior to the dividend payment date [3] Enrollment and Participation - Common shares acquired under the Plan will be automatically enrolled, and shareholders holding shares through a broker or financial institution must enroll for reinvestment through their nominee [4] Company Overview - Timbercreek Financial is a leading non-bank commercial real estate lender, providing structured financing solutions to commercial real estate investors with a focus on faster execution and flexible terms [4] - The company employs thorough underwriting, active management, and strong governance to target strong risk-adjusted returns for investors [4]