Timbercreek Mortgage Investment Corporation closes IPO of subscription receipts

On July 7, 2008, Timbercreek Mortgage Investment Corporation announced the completion of it's initial public offering of subscription receipts for gross proceeds of $24,331,860. Net proceeds will be used to fund the acquisition of a portfolio of mortgage loan investments that are currently funded through non-committed funding facilities, with the balance used for certain other authorized investments.

The offering was effected by a syndicate of agents, co-led by Manulife Securities Incorporated (formerly Berkshire Securities Inc.) and Raymond James Ltd. and included Dundee Securities Corporation, Newport Securities L.P., Burgeonvest Securities Limited and IPC Securities Corporation.

Fasken Martineau acted for the agents with a team that included John Sabetti and Tina Chun (corporate/securities), Dugan Edmison (real estate) and Mitchell Thaw (tax).