Investment fund offers 344,700 class I shares at C$10.00 per share
By Devika Patel
Knoxville, Tenn., July 17 - Timbercreek Senior Mortgage Investment Corp. said it settled a C$3.45 million non-brokered private placement of stock.
The company sold 344,700 class I shares at C$10.00 apiece. The price per share is a 0.1% premium to the July 16 closing share price of C$9.99.
Proceeds will be used to invest in mortgage loans and for general corporate purposes.
The investment fund is based in Toronto.
Issuer: | Timbercreek Senior Mortgage Investment Corp.
|
Issue: | Class I shares
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Amount: | C$3,447,000
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Shares: | 344,700
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Price: | C$10.00
|
Warrants: | No
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Agent: | Non-brokered
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Settlement date: | July 17
|
Stock symbol: | Toronto: MTG
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Stock price: | C$9.99 at close July 16
|
Market capitalization: | C$284.45 million
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