BTB Announces its Distribution for the Month of August 2020
BTB Announces its Distribution for the Month of August 2020
Montréal (Québec) August 10th, 2020: BTB Real Estate Investment Trust (TSX: BTB.UN)
(“BTB” or the “REIT”) announced today that the monthly cash distribution for the month
of August 2020 is $0.025 per unit, representing $0.30 per unit on an annualized basis.
The cash distribution will be paid September 15th, 2020 to unitholders of record on August
31st, 2020
BTB AS AT AUGUST 10th, 2020
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an
important owner of properties in eastern Canada. As at August 10th, 2020, BTB owns 64
retail, office, and industrial properties for a total leasable area of approximately 5.3 million
square feet and an approximate total asset value of approximately of $930M.
BTB’S OBJECTIVES
(1) Generate stable monthly cash distributions that are reliable and fiscally
beneficial to unitholders;
(2) Grow the Trust’s assets through internal growth and accretive acquisitions in
order to increase distributable income and therefore refund distributions;
(3) Optimize the value of its assets through the dynamic management of its
properties in order to maximize the long-term value of its properties and
therefore, its units.
BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect
to have their monthly cash distribution reinvested in additional units of BTB at a price based
on the weighted average price for BTB’s Units on the Toronto Stock Exchange for the five
trading days immediately preceding the distribution date, discounted by 3%.
For more detailed information, visit BTB’s website at www.btbreit.com.
FOR FURTHER QUESTIONS:
Mr. Michel Léonard, President and Chief Executive Officer
(T) 514-286-0188 x228
Mr. Mathieu Bolté, Chief Financial Officer
(T) 514-286-0188 x244