Toronto Stock Exchange: MTG TORONTO, March 19, 2013 /CNW/ - Timbercreek Senior Mortgage Investment Corporation (the "Fund") is pleased to announce that its board of directors has declared a monthly dividend of $0.050 per class A share ("Class A Shares"), $0.054 per class B share ("Class B Shares), $0.054 per class I share ("Class I Shares"), and $0.052 per class J share ("Class J Shares") of the Fund to be paid on April 15, 2013 to holders of Class A, Class I and Class J Shares of record on March 28, 2013. The Fund also offers a Dividend Reinvestment Plan (the "Plan") to eligible holders of Class A Shares, that provides a convenient means to purchase additional Class A Shares by reinvesting their cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. At the discretion of the Board of the Fund, Class A Shares for the reinvestment of distributions will be acquired in the open market at prevailing prices or issued from treasury at 95 percent of the average market price. At this time, the Board confirms that the Fund will continue to issue shares from treasury until such time as the Board elects otherwise. Class A Shares acquired under the Plan will be automatically enrolled in the Plan. Shareholders who hold their Class A Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder. As of March 19, 2013 there were 37,039,890 Class A Shares, 220,559 Class B Shares, 329,700 Class I Shares and 271,000 Class J Shares outstanding. About the Fund The Fund provides investors with an opportunity to receive attractive yields by investing indirectly, through holding shares of the Fund, in mortgage loan investments, comprised of first mortgages, selected and determined to be high quality by its manager, Timbercreek Asset Management Ltd. (the "Manager"). The investment objective of the Fund is, with a primary focus on capital preservation, to acquire and maintain a diversified portfolio of mortgage loan investments that generates attractive, stable returns in order to permit the Fund to pay monthly distributions to its shareholders.