5 stories mentioning TF.TOUpdated 43m ago
Every FINWIRES story that references TF.TO, newest first.
Timbercreek Financial (TF.TO) on Wednesday declared a monthly cash dividend of $0.0575 per share, unchanged from the prior month, it said on Wednesday.The dividend will be paid on July 15 to shareholders of record on June 30.Price: $6.59, Change: $+0.01, Percent Change: +0.15%
Timbercreek Financial (TF.TO) has obtained the approval of the Toronto Stock Exchange to begin a normal course issuer bid with respect to its common shares, the company said on Wednesday.Under the NCIB, the company may purchase in the normal course through the facilities of the TSX in accordance with its rules or through alternative Canadian trading platforms up to a regulatory maximum of around 8.2 million shares, such amount representing 10% of the public float of the shares issued and outstanding as of May 29, 2026.The NCIB will start on June 12, 2026, and will terminate on the earlier of June 11, 2027, or the date on which the company has purchased the maximum number of shares permitted under the NCIB.Any shares purchased by the company will be cancelled."Under the normal course issuer bid which commenced on June 12, 2025, and terminated on June 11, 2026, the Company was authorized to purchase up to 8,191,740 Shares and purchased zero Shares on the open market," added the company.
National Bank on Wednesday trimmed its price target on the shares of Timbercreek Financial (TF.TO) by $1.00 to $7.00 after the company reported a "mixed" first quarter.Timbercreek reported an earnings miss of $0.13, compared with National Bank's $0.16, notes analyst Jaeme Gloyn, who is maintaining a sector-perform rating on the company. Gloyn noted that Timbercreek is working through a "significant" impaired loan portfolio (driving consistently higher credit losses as loans resolve) and a lower interest rate environment (driving a net interest income miss).Still, Timbercreek delivered another quarter of strong originations, highlighting a robust pipeline, and stable distributable income that exceeded the common dividend, he added.Price: $6.63, Change: $-0.02, Percent Change: -0.30%
