Timbercreek Investment Management Inc. Announces Management Fee - TulsaCW.com: TV To Talk About | The Tulsa CW

Timbercreek Investment Management Inc. Announces Management Fee Reductions and Renaming of Certain Series for Timbercreek Global Real Estate Income Fund

TORONTO, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Timbercreek Investment Management Inc. (“Timbercreek”), the manager of Timbercreek Global Real Estate Income Fund (the “Fund”) today announced management fee reductions to be effective January 1, 2020 for certain series of units of the Fund. Also, effective January 1, 2020, Series F90 and F90T6.5 will be renamed Series F85 and F85T6.5, respectively.

“We made the decision to reduce management fees to ensure investors have access to a globally diversified real estate fund that is competitively priced,” said Corrado Russo, Senior Managing Director, Investments & Global Head of Securities of Timbercreek.  “We seek input from investors and continually assess the market to ensure our investment products are meeting investor needs,” continued Russo. 

Management Fee Reductions and Series Renaming

Effective January 1, 2020, Timbercreek will reduce the management fee on certain series of units of the Fund, and rename certain series, as follows:

Series of the FundCurrent Management FeeNew Management Fee effective January 1, 2020
Series A2.00% 1.90% 
Series AX1.85% 1.80% 
Series AY1.75% 1.70% 
Series T6.52.00% 1.90% 
Series F1.00% 0.90% 
Series FX0.85% 0.80% 
Series FY0.75% 0.70% 
Series FT6.51.00% 0.90% 
Series F90 (to be renamed Series F85 effective January 1, 2020)0.90% 0.85% 
Series F90T6.5 (to be renamed Series F85T6.5 effective January 1, 2020)0.90% 0.85% 
Series M1.00% 0.90% 

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 about the Fund and Timbercreek, please visit our website at www.timbercreek.com.

Media Contact
Timbercreek Investment Management Inc.
George Ganas
Senior Vice President, Global Distribution & Portfolio Specialist
gganas@timbercreek.com

Primary Logo

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection there with. If you are affiliated with this page and would like it removed please contact pressreleases@franklymedia.com

Powered by Frankly
All content © Copyright 2000 - 2020 KQCW. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.