TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on July 15, 2025 to holders of Common Shares of record on June 30, 2025. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividen ...

Core Viewpoint - MacKenzie Realty Capital, Inc. successfully refinanced the Main Street West property in Napa, CA, with a loan of approximately $9.5 million at a 7.5% interest rate for a term of 3 years, indicating strong lender interest in well-located commercial properties despite market challenges [1][2]. Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT that aims to invest at least 80% of its total assets in real property, with a portfolio split of approximately 50% multifamily and 50% boutique class A office properties [3]. - The company has consistently paid dividends every year since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [3]. Financing and Market Position - The refinancing of the Main Street West property highlights the importance of long-term lending relationships and the proactive management of the company's balance sheet [2]. - The CEO emphasized that there remains lender appetite for well-located properties in solid markets, showcasing the company's ability to navigate complex financing transactions [2].

Core Insights - Newmark Group, Inc. has arranged a $675 million loan for the refinancing of Independence Plaza, a multifamily property in Manhattan, on behalf of Vornado Realty Trust and Stellar Management [1] - Independence Plaza consists of 1,328 residential units across three 39-story towers, totaling 1.4 million square feet [2] - Vornado Realty Trust is a leading Real Estate Investment Trust with a focus on New York City, managing over 26 million square feet of LEED certified buildings [3] - Stellar Management, founded in 1985, manages over 13,000 apartments and nearly three million square feet of office and retail space, focusing exclusively on New York City [4] - Newmark Group, Inc. generated revenues exceeding $2.8 billion for the twelve months ending March 31, 2025, and operates from 165 offices globally with approximately 8,100 professionals [5]

TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on June 13, 2025 to holders of Common Shares of record on May 30, 2025. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends ...

SANTA CRUZ, Calif., May 7, 2025 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp"; OTCQX: SCZC), the parent company of West Coast Community Bank ("Bank"), today announced its ticker symbol will change to WCCB on the OTCQX with a market effective date of May 8, 2025. This will replace Bancorp's current ticker symbol, SCZC, which has been in use since the Company's initial public offering as Santa Cruz County Bank.The ticker symbol change completes the Bank's brand transition to West Coast Community Ban ...

Financial Performance - For the three months ended March 31, 2025, net income increased by 16.4% to $9,973,265 compared to $8,569,784 for the same period in 2024 [2] - Basic weighted average earnings per share for the same period was $0.271, up from $0.248 per share reported for the three months ended March 31, 2024 [3] - The Corporation reported income in excess of distributions by approximately $1.4 million, or $0.04 per share [3] Investment Portfolio - The investment portfolio decreased by 3.4% to $631.9 million as of March 31, 2025, from $653.8 million as of December 31, 2024 [4][7] - New investment funding for the quarter was $70.2 million, compared to $47.7 million in the same period of 2024, while repayments were $92.2 million, up from $32.6 million in 2024 [4] - The average gross investment size was approximately $2.3 million, with 17 investments individually exceeding $7.5 million [4] Credit Losses and Fair Value Adjustments - The allowance for expected credit losses and fair value adjustment as of March 31, 2025, was $31.6 million, an increase from $29.6 million as of December 31, 2024 [5] - This allowance includes $25.1 million representing the estimated shortfall between investment balances and recoverable amounts, and $4.7 million for fair value adjustments [5] Dividend Information - The Corporation declared dividends on its common shares totaling $8,595,950 or $0.234 per share for the three months ended March 31, 2025, compared to $8,070,602 or $0.234 per share for the same period in 2024 [10] - A monthly cash dividend of $0.078 per common share has been declared, payable on specified dates [8] Shareholder Plans - The Corporation has a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends in additional shares at a discounted price [9] - Participants in the Share Purchase Plan can purchase additional shares with no commission costs, subject to certain limits [9]

SANTA CRUZ, Calif., May 6, 2025 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp"; OTCQX: SCZC), the parent company of West Coast Community Bank, today announced its Board of Directors recently approved a new share repurchase program. Under the share repurchase program, Bancorp is authorized to repurchase up to $10 million of common stock in the open market or through privately negotiated transactions, as market conditions warrant, but does not obligate Bancorp to repurchase any specified number of sh ...