TORONTO, ON–(Marketwired – May 26, 2016) – Timbercreek Senior Mortgage Investment Corporation (TSX: MTG) (“TSMIC” or the “Company“) is pleased to announce that its board of directors (the “Board“) has appointed Craig Geier as chief financial officer (“CFO“) of the Company effective June 1, 2016. The Company’s current CFO, David Melo, will step down from this position effective June 1, 2016, allowing Mr. Melo to focus on his other responsibilities within the Timbercreek Asset Management group. As CFO, Mr. Geier will be responsible for overseeing financial and taxation reporting, treasury and corporate financings for the Company.
In addition to his role as Independent Director and Audit Committee Chair for Timbercreek Mortgage Investment Corporation since its inception in 2008, Mr. Geier has held CFO positions in the mineral resource sector at Sulliden Exploration Inc. and Energold Drilling Corp. Mr. Geier also has 23 years’ experience in the commercial real estate industry holding senior positions at Residential Equities REIT, TrizecHahn Inc. and BCE Development Corporation. Mr. Geier has an Honours of Business Administration degree from University of Western Ontario.
“We are pleased to welcome Craig as CFO for the Company,” states Blair Tamblyn, Chairman of the Company. “Craig has been a valuable contributor in his role as director for Timbercreek Mortgage Investment Corporation and we believe that his experience and dedication to Timbercreek, along with his financial management background, make him a natural candidate for this position.”
“We would also like to sincerely thank David for his commitment and contributions to the Company over the years,” states Mr. Tamblyn. “David has been a key team member contributing to the Company’s success, having led financial operations since the Company’s inception and as CFO since 2014.”
About TSMIC
TSMIC provides investors with an opportunity to invest in a diversified portfolio of first only mortgage and loan investments originated and underwritten by their manager, Timbercreek Asset Management Inc. TSMIC focuses on capital preservation and the generation of attractive, stable returns, allowing for the payment of monthly dividends to shareholders.
Disclaimers
This news release contains forward-looking statements about TSMIC. Forward-looking statements are typically identified by words such as “expect”, “is scheduled” ,”anticipate”, “believe”, “foresee”, “could”, “intend”, “plan”, “seek”, “strive”, “will”, “may”, “potential” and “should” and similar expressions concerning matters that are not historical facts. Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to the completion of the proposed arrangement. TSMIC has based these forward-looking statements on factors and assumptions about current conditions and expected future developments in relation to the proposed transaction. There can be no assurance that the proposed arrangement will occur or any anticipated appointment will occur. The proposed arrangement is subject to various regulatory approvals and the fulfillment of certain other conditions, including shareholder approvals, and there can be no assurance that any such approvals will be obtained and/or any such conditions will be met.
Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect TSMIC’s, expectations only as of the date of this press release. TSMIC disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Timbercreek Asset Management Inc.
Carrie Morris
Investor Relations
[email protected]
