Q2 2023 Timbercreek Financial Corp Earnings Call Transcript
Good day, ladies and gentlemen. Welcome to Timbercreek Financials' 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. Thanks for joining us to discuss the second quarter financial results. As usual, I'm joined by Scott Rowland, CIO; Tracy Johnston, CFO; and Geoff McTait, Head of Canadian Originations and Global Syndications.
It was another solid quarter financially with strong year-over-year increases in earnings and distributable cash. The highlights include net investment income of $31.5 million, which is up 22% from last year; adjusted net income of $17 million, which is up from $15.2 million in the same period last year; and a significant increase in distributable income, which reached $17.8 million or $0.21 per share at a very comfortable payout ratio
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