Q3 2023 Timbercreek Financial Corp Earnings Call Transcript
Good day, ladies and gentleman, and welcome to Timbercreek Financial's 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. Thanks for joining us to discuss the third 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 period financially as our portfolio continued to generate strong interest income, allowing us to report solid top line and bottom line results in the quarter. Financial highlights included net investment income of $30.3 million, similar to last year's Q3; net income of $16.5 million, up from $13.5 million last year; and distributable income of $16.8 million or $0.20 per share at a modest payout ratio of
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