Timbercreek Mortgage Investment Corporation Completes Offering of Common Shares

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

Toronto Stock Exchange: TMC

TORONTO, April 24, 2014 /CNW/ - Timbercreek Mortgage Investment Corporation (TSX: TMC) (the "Company") is pleased to report that it has completed its previously announced bought deal offering of 3,737,500 common shares of the Company (the "Common Shares"), including full exercise of an over-allotment option granted to the underwriters for aggregate gross proceeds of $34,945,625.

The offering was conducted by a syndicate of underwriters bookrun by TD Securities Inc. and Raymond James Ltd., and including CIBC, RBC Capital Markets, BMO Capital Markets, GMP Securities L.P., National Bank Financial Inc., Scotiabank, Canaccord Genuity Corp., Dundee Securities Ltd. and Manulife Securities Incorporated.

The Company will use the net proceeds of the offering for general corporate purposes, particularly funding future mortgage loans.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States, nor shall there be any sale of the securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

About the Company

The Company provides investors with an opportunity to invest in a diversified portfolio of mortgage and loan investments originated and underwritten by its manager, Timbercreek Asset Management Inc. (the "Manager").  The Company focuses on capital preservation and the generation of attractive, stable returns, allowing for the payment of monthly dividends to shareholders.

Certain statements contained in this news release may contain projections and "forward looking statements" within the meaning of that phrase under Canadian securities laws. When used in this news release, the words "may", "would", "should", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "objective" and similar expressions may be used to identify forward looking statements. By their nature, forward looking statements reflect the Manager's and the Company's current views, beliefs, assumptions and intentions are subject to certain risks and uncertainties, known and unknown, including, without limitation, risks disclosed in the Company's public filings. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward looking statements. The Company does not intend to nor assumes any obligation to update these forward looking statements whether as a result of new information, plans, events or otherwise, unless required by law.

SOURCE: Timbercreek Mortgage Investment Corporation

Timbercreek Asset Management Inc., Carrie Morris, Investor Relations, [email protected]