Ms. Carrie Morris reports

TIMBERCREEK MORTGAGE INVESTMENT CORPORATION DECLARES DECEMBER 2014 DIVIDEND

Timbercreek Mortgage Investment Corp.'s board of directors has declared a monthly dividend of six cents per common share of the company to be paid on Jan. 15, 2015, to holders of common shares of record on Dec. 31, 2014.

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, 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.

The full text of the plan can be obtained on the Timbercreek website.