Le Lézard
Classified in: Business
Subject: STOCK/OTHER MARKET NEWS

Timbercreek Global Real Estate Income Fund Refiles June 30, 2017 Interim Management Report of Fund Performance to Correct Errors in Expense Ratio Disclosure



TORONTO, ONTARIO--(Marketwired - Nov. 10, 2017) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Timbercreek Investment Management Inc. ("Timbercreek") filed the Interim Management Report of Fund Performance for the six months ended June 30, 2017 for Timbercreek Global Real Estate Income Fund (the "Fund") on August 28, 2017 (the "Interim MRFP"). Subsequent to the filing and release of the Interim MRFP, Timbercreek noted that the management expense ratio, management expense ratio before waivers or absorptions and the trade expense ratio disclosed in the Interim MRFP for each of the Class A, Class F, Class M, Class S and Class T units of the Fund were not annualized as described. The management expense ratio, management expense ratio before waivers or absorptions and the trade expense ratio disclosed in the Interim MRFP have been revised as described below. A corrected version of the Interim MRFP has been re-filed on SEDAR today.

    Class A units   Class F units   Class M units   Class S units   Class T units
Management expense ratio   2.58% (from 1.43%)   1.44% (from 0.87%)   1.44% (from 0.87%)   1.01% (from 0.66%)   0.30% (from 0.31%)
Management expense ratio before waivers or absorptions   4.24% (from 2.24%)   2.22% (from 1.25%)   2.08% (from 1.19%)   1.88% (from 1.09%)   0.56% (from 0.44%)
Trade expense ratio   0.32% (from 0.16%)   0.32% (from 0.16%)   0.32% (from 0.16%)   0.32% (from 0.16%)   0.32% (from 0.16%)

About the Fund

The Fund invests in a diversified portfolio of dividend-paying real estate securities in developed markets around the world. The Fund invests in the common equity, preferred equity and debt securities issued by real estate investment trusts (REITs) and other real estate investment issuers. The Fund's objectives are to provide unitholders with monthly distributions and to preserve capital while providing the opportunity for long-term capital appreciation.

For more information on the Fund and Timbercreek Investment Management Inc., please visit our website at www.timbercreek.com.


These press releases may also interest you

at 02:18
Badgley Mischka, the iconic American design house that has exemplified timeless glamour for 30 years, is proud to announce its new flagship store is officially open at 8619 Sunset Boulevard in West Hollywood in Los Angeles. The new U.S. store is...

at 02:13
BioArctic AB (publ) announced today that BioArctic and its partner AbbVie have received U.S. Federal Trade Commission (FTC) clearance to license BioArctic's alpha-synuclein antibody portfolio for Parkinson's disease and other potential indications...

at 02:12
RESTON, Va., Dec. 13, 2018 /PRNewswire-PRWeb/ -- xagent, the single-entry market access solution for property and casualty (P&C) agents, announced that it has entered into an acquisition agreement with an established national wholesale brokerage...

at 02:00
Grünenthal and OnDosis announced today that they have entered into an exclusive collaboration to develop the OnDosis' technology for prescription medicines in all pain related indications. The agreement also entails an option for Grünenthal to an...

at 01:30
Absolute Air, LLC today announced plans to build a merchant Air Separation Plant (ASP) to serve its partners and customers in the upper Midwest area. The plant will be located on a contracted site in the Minneapolis metropolitan area. "We expect the...

at 01:00
-  Public transport was the biggest cause of people being late for work (20%). -  16% was caused by "being stuck in traffic" or traffic delays. -  A total of 9% of employees "slept in" or "slept through alarm". Employees being punctual and turning...




News published on 10 november 2017 at 20:33 and distributed by: