Aug 03, 2023 / 05:00PM GMT
Operator
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.
Robert Blair Tamblyn - Timbercreek Financial Corp. - Non-Independent Chair and President & CEO of Timbercreek Capital Inc.
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
Q2 2023 Timbercreek Financial Corp Earnings Call Transcript
Aug 03, 2023
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