This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Timbercreek Senior Mortgage Investment Corporation Announces Filing Of Interim Financial Report And MD&A For The Interim Period Ended June 30, 2013

Toronto Stock Exchange: MTG

TORONTO, Aug. 29, 2013 /CNW/ - Timbercreek Senior Mortgage Investment Corporation (the " Corporation") announced today that it has filed on SEDAR the unaudited condensed consolidated interim financial report and MD&A for the three months and six months ended June 30, 2013 (together, the " Interim Financial Report").

As announced in previous press releases dated August 7, 2013 and August 19, 2013, the board of directors of the Corporation has called a special meeting of all shareholders to be held on September 12, 2013 to, among other things, consider approving the Corporation's proposed transition (" Proposed Transition") from the Canadian securities regulatory regime for investment funds (" Investment Fund Regime") to the regulatory regime for non-investment fund reporting issuers (the " Public Company Regime"). The Interim Financial Report was prepared in accordance with International Financial Reporting Standards, the accounting standards required by the Public Company Regime, and was previously included as a schedule to the Management Information Circular in respect of the special shareholders meeting that was filed on SEDAR on August 19, 2013.

In light of the foregoing, the Corporation has applied to the Ontario Securities Commission for, and has been granted, an exemption from the requirements under the Investment Fund Regime to prepare, file and deliver its interim financial statements in respect of the period ended June 30, 2013 in accordance with Canadian GAAP as applicable to public enterprises, and its interim management report of fund performance in respect of the period ended June 30, 2013 (the " Investment Fund Interim Financial Statements"). The exemption has been granted on the condition that the Corporation files the Interim Financial Report on SEDAR separately from the Management Information Circular on or before August 29, 2013 and, in the event that the Proposed Transition is not approved at the special shareholders' meeting or is, for any other reason, not implemented, the Corporation will prepare the Investment Fund Interim Financial Statements in accordance with the Investment Fund Regime requirements and file the Investment Fund Interim Financial Statements on SEDAR no later than 60 days after the date of the special shareholders' meeting.

The Interim Financial Report is intended to be reviewed together with the audited annual financial statements for the year ended December 31, 2012, which were also included as a schedule to the Management Information Circular. The notes to the audited financial statements contain a reconciliation of the IFRS and Canadian GAAP financial statements and an explanation of how the transition from Canadian GAAP to IFRS would affect the Corporation's financial position, financial performance and cash flows.

SOURCE Timbercreek Senior Mortgage Investment Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs