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BTB announces its distribution for the month of February 2020

MONTRÉAL, Feb. 11, 2020 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB") announced today that the monthly cash distribution for the month of February 2020 is $0.035 per unit, representing $0.42 per unit on an annualized basis. The cash distribution will be paid on March 16th, 2020 to unitholders of record on February 29 th, 2020.

Logo: BTB (CNW Group/BTB Real Estate Investment Trust)

BTB AS AT FEBRUARY 11 th, 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 February 11 th, 2020, BTB owns 66 retail, office and industrial properties for a total leasable area of approximately 5.5 million square feet and an approximate total asset value of approximately of $900M . 

BTB'S OBJECTIVES

 

(i)

Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;

(ii)

Grow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;

(iii)

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.

SOURCE BTB Real Estate Investment Trust


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