Timbercreek Global Real Estate Fund Announces Third Quarter Dividend for 2010

Toronto Stock Exchange: TGF.UN

TORONTO, Sept. 27 /CNW/ - Timbercreek Global Real Estate Fund (the "Fund") is pleased to announce that its board of directors (the "Board") has declared a quarterly dividend of $0.07 per class A share, $0.073 per class B share, and $0.073 per class I share, of the Fund to be paid on October 15, 2010 to holders of Class A, B and I Shares of record on September 30, 2010. The initial distribution is equivalent to one month's distribution of the Fund's quarterly target which is $0.21 per Unit. As of September 27, 2010 there were 144,985 Class B Shares and 723,517.00 Class I Shares outstanding.

About the Fund

The Fund, an investment fund formed under the laws of the Province of Ontario and managed by Timbercreek Asset Management Ltd., 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 has engaged FSX Securities Canada, Inc. (the "Global Investment Advisor") to provide portfolio management services to the Fund. Through the Manager's partnership with the Global Investment Advisor, the Fund will be supported by a team of real estate analysts based in Toronto, New York, London and Hong Kong that are strictly dedicated to analyzing and investing in real estate securities.

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, Global Investment Advisor 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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For further information: Timbercreek Asset Management Inc., Carrie Morris, Investor Relations, 416.306.9967 x250, [email protected]