May 13 (Reuters) - Timbercreek Mortgage Investment Corp
TMC.TO
* Received interim order from Ontario Superior Court of
Justice with respect to combination of TMIC and TSMIC
* Order authorizes each of TMIC and TSMIC to call and hold
special meeting of shareholders to consider arrangement
* Combined entity would be named Timbercreek Financial Corp.
* Timbercreek Financial is targeting an EPS of about $0.72
on a stabilized basis over next 12 months
* Targeted increase in EPS will be primarily achieved
through savings in management fees and operational costs
* Timbercreek MIC and Timbercreek Senior MIC provide update
on previously announced merger
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