Mr. Blair Tamblyn reports

TIMBERCREEK FINANCIAL DECLARES MARCH 2023 DIVIDEND

Timbercreek Financial Corp. has declared a monthly cash dividend of 5.75 cents per common share of the company to be paid on April 14, 2023, to holders of common shares of record on March 31, 2023.

The company also offers a dividend reinvestment plan, which is eligible to holders of common shares and provides a convenient means to purchase additional common shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees.

Pursuant to the plan and at the discretion of Timbercreek Capital Inc., the manager, common shares will be acquired in the open market at prevailing prices or issued from treasury at 98 per cent of the average market price for the five-trading-day period ending on the third business day immediately prior to the dividend payment date.

Common shares acquired under the plan will be automatically enrolled in the plan. Shareholders who hold their common shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.

The full text of the plan can be obtained on the company's website.

About Timbercreek Financial Corp.

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Timbercreek Financial's sophisticated, service-oriented approach allows the company to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, Timbercreek Financial is able to meet these needs while targeting strong risk-adjusted returns for investors.