Not for distribution to U.S. newswire services or for dissemination in the United States.
TORONTO, June 25, 2018 (GLOBE NEWSWIRE) — Timbercreek Investment Management Inc. (“Timbercreek”) filed the Management Report of Fund Performance for the year ended December 31, 2017 for Timbercreek Global Real Estate Income Fund (the “Fund”) on March 23, 2018 (the “MRFP”). Subsequent to the filing and release of the MRFP, Timbercreek noted that an expense component was inadvertently omitted from the calculation of the management expense ratio, and the management expense ratio before waivers or absorptions, disclosed in the MRFP for the Class A units of the Fund. The management expense ratio, and the management expense ratio before waivers or absorptions, disclosed in the MRFP have been revised as described below. A corrected version of the MRFP has been re-filed on SEDAR today.
| Class A units | |
| Management expense ratio | 2.47% (from 1.77%) |
| Management expense ratio before waivers or absorptions | 4.01% (from 3.30%) |
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.
CONTACT:
Timbercreek Investment Management Inc.
George Ganas
Senior Vice President, Global Distribution & Portfolio Specialist
[email protected]