Q3 2021 Timbercreek Financial Corp Earnings Call Transcript
Good day, ladies and gentlemen. Welcome to Timbercreek Financial First (sic) [Third] Quarter Earnings Call. (Operator Instructions) As a reminder, today's call is being recorded.
I would now like to turn the meeting over to Blair Tamblyn. Please go ahead.
Thank you, operator. Good afternoon, everyone, and thanks for joining us today to discuss Timbercreek Financial's third quarter financial results. I'm joined today by Scott Rowland, CIO; Tracy Johnston, CFO; and Geoff McTait, Head of Canadian Originations and Global Syndications.
The third quarter played out largely as expected, and we reported DI of $0.17 per share, within the quarterly range we have generated over the past several years. While the DI and adjusted DI payout ratio was above 100% in the quarter, the year-to-date ratio of 95% is a better barometer of 2021 performance, given the variations we will see quarter-to-quarter. Origination activity was solid in Q3, and we exited with
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