Timbercreek Financial Corp. (TF) Earnings Call Transcript & Summary

Good afternoon, ladies and gentlemen, and welcome to the Annual Meeting of Timbercreek Financial. Please note that the meeting is being recorded. I would like to introduce Blair Tamblyn, the Chair of the Board of Directors. Mr. Tamblyn, the floor is yours.

Good afternoon, ladies and gentlemen, and welcome to the Annual meeting of Timbercreek Financial. Please note that the meeting is being recorded. I would like to introduce myself, Chair of the Board of Directors. Excuse me -- good afternoon. My name is Blair Tamblyn, and I'm the Chair of the Board of Directors of the company. Joining us online are the other officers and directors of the company. This year's annual meeting is being held using our virtual-only format. As with any technological platform, unexpected glitches may occur, and we appreciate your patience. Our service providers for this platform are TSX Trust Computer are experienced at running this type of meeting and will help us work through any challenges. Before we proceed to the formal business meeting, I will provide some comments on voting and questions at today's meeting. In making the decision to hold a virtual meeting, it was paramount to ensure that shareholder rights were protected. We've taken steps to ensure that this meeting will offer shareholders the same opportunities to participate as they would have at an in-person meeting. I welcome all guests who are not registered shareholders or who are holding proxies of registered shareholders. As a reminder, as with an in-person meeting, only registered shareholders and duly-appointed proxy holders are able to vote or ask questions. For efficiency, Katrina Gorzheltson, VP Investor Relations of the company's Manager; and Scott Rowland, Director of the company, will move and second the motions, which are called for in the notice of meeting in their capacities as a shareholder or a shareholder representative. We will now deal with the formal business of the meeting. I will now call the meeting to order. In accordance with the bylaws of the company, I'll act as Chair of this meeting. Scott Rowland, Director of the company, will act as Secretary for this meeting, and TSX Trust Company will act as scrutineers for the meeting. The notice calling this annual meeting, together with the management information circular, the form of proxy and other meeting materials were provided to shareholders pursuant to the notice and access provisions of National Instrument 54-101 and have been filed on SEDAR. I received proof of the mailing of that notice and access notice required by NI 54-101 and ask that a copy of the notice and access notice, including the proof of mailing and the other meeting materials be retained by the Secretary with the records of this meeting. The quorum requirements for a meeting of shareholders of the company are set out in Section 3.6 of Bylaw #1 of the company, which provides that a quorum for the transaction of business at a meeting of shareholders is not less than 25% of the shares entitled to vote at the meeting represented in person or by proxy. The preliminary report of the scrutineer indicates that attend in person or by proxy at this meeting for all shares of the company does not exceed the 25% required threshold. Due to a lack of quorum, I move to adjourn this meeting to 11:00 a.m. Eastern Standard Time on Friday, May 9, pursuant to the authority given to the Chairman under Sections 3.7 and 3.8 of Bylaw #1. The adjourned meeting will be held virtually and the instructions for attending and voting at the adjourned meeting are set out in the notice of meeting. This meeting is now adjourned.

Ladies and gentlemen, thank you for attending today's meeting. You may now disconnect.