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Timbercreek Financial Files Revised Financial Statements and MD&A for the Three and Nine Months Ended September 30, 2018

November 14, 2018 By Globenewswire Tagged With: TSX:TF

TORONTO, Nov. 14, 2018 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) filed its financial statements (the “Financial Statements”) and the management’s discussion and analysis (“MD&A”) for the three months and nine months ended September 30, 2018 (“Q3 2018”) on November 13, 2018. Subsequent to the filing and release of the Financial Statements and MD&A, the Company became aware of two inadvertent errors in respect of : (i) the weighted average interest rate earned by the Company on net mortgage investments (this was incorrectly stated as 7.5% for the three month period, and 7.2% for the nine month period; the correct figures are 7.3% and 7.1%, respectively); and (ii) the average net mortgage investment portfolio for the three month period (this was incorrectly stated as $1,269.3 million and the correct figure should be $1,121.8 million).

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