Q2 2021 Timbercreek Financial Corp Earnings Call Transcript
Good day, ladies and gentlemen. Welcome to Timbercreek Financial second 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 second quarter financial results. I'm joined today by Scott Rowland, CIO; Tracy Johnston, CFO; and Geoff McTait, Head of Canadian Originations and Global Syndications.
It was a strong second quarter and consolidated first half of 2021 for the company. The portfolio continues to perform well, generating consistent distributable income, which of course is our primary objective.
We reported adjusted distributable income of $15.4 million or $0.19 per share, representing a 90.8% dividend payout ratio. For the year-to-date, the payout ratio was 91% versus 97.7% in 2020. Over the past 18 quarters
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