Q2 2022 Timbercreek Financial Corp Earnings Call Transcript
Good day, ladies and gentlemen. Welcome to Timbercreek Financial first 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.
Great. Thank you. Good afternoon, everyone, and thank you for joining us to discuss the first quarter financial results. I'm joined today, as usual, by Scott Rowland, CIO; Tracy Johnston, CFO; and Geoff McTait, Head of Canadian Originations and Global Syndication. Given the proximity of the Q4 results, our prepared remarks should be fairly brief today. Overall, it was a good start to 2022. Rig activity was robust, and we exited the quarter with a larger mortgage portfolio. We achieved distributable income per share of $0.18, which was within our historical range and our targeted payout ratio. And we completed transactions for 2 of the remaining non-core assets. We previewed these deals with
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