Le Lézard
Classified in: Business
Subjects: DIV, RTG

BTB announces its distribution for the month of August 2017


MONTRÉAL, Aug. 15, 2017 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) announced today that the monthly cash distribution for the month of August 2017 is $0.035 per unit, representing $0.42 per unit on an annualized basis. The cash distribution will be paid on September 15, 2017 to unitholders of record on August 31, 2017.

About BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, BTB owns 71 retail, office and industrial properties for a total leasable area of more than 5.1 million square feet. BTB's asset value is approximately $654M. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.

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%.

 

SOURCE BTB Real Estate Investment Trust


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