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Timbercreek Financial Corp. 5% Convertible Debenture New Issue

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Not trading as of Nov-27-2021

Timbercreek Financial Corp.(TF) is issuing $40M of 5% Convertible Debentures maturing Dec-31-2028. The Conversion Price is $11.40 representing a 20% premium to the share price at the time of issue at $9.50.

The Debentures are not redeemable prior to Dec-31-2024. After Dec-31-2024 and prior to Dec-31- 2026, the Debentures will be redeemable providing their share price is not less than 125% of the Conversion Price. After Dec-31-2026 to maturity the debentures are redeemable at par.

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