Ms. Carrie Morris reports

TIMBERCREEK SENIOR MORTGAGE INVESTMENT CORPORATION DECLARES DECEMBER 2014 DIVIDEND

Timbercreek Senior Mortgage Investment Corp. has declared a monthly dividend of five cents per common share of the company. The dividend will be paid on Jan. 15, 2015, to holders of common shares of record on Dec. 31, 2014.

The company 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, without having to pay commissions, service charges or brokerage fees.

Pursuant to the plan, and at the discretion of the manager, common shares will be acquired in the open market at prevailing prices or issued from treasury at 95 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.