Le Lézard
Classified in: Business
Subject: DIV

BTB Announces its Distribution for the Month of July 2020


MONTRÉAL, July 9, 2020 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") announced today that the monthly cash distribution for the month of July 2020 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid August 17th, 2020 to unitholders of record on July 31st, 2020

BTB AS AT JULY 9th, 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 July 9th, 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.

SOURCE BTB Real Estate Investment Trust


These press releases may also interest you

at 14:50
BancTrust & Co. Investment Bank Announces Strategic Relocation of Headquarters to a State-of-the-Art Building in the City of London
BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets investment bank, is excited to announce a significant milestone in its growth journey. The company recently relocated its headquarters to a state-of-the-art building...

at 14:39
Royce Global Value Trust (NYSE: RGT) as of Mar 31, 2024
A closed-end fund that invests in global equities using a disciplined value approachAverage weekly trading volume of approximately 52,473 sharesFund's adviser has more than 50 years of small- and micro-cap investment experience  CLOSING PRICES AS OF...

at 14:32
Curve Health and MindCare Forge Strategic Partnership to Elevate Behavioral Health Services in Skilled Nursing Facilities
Curve Health, a trailblazer in innovative healthcare solutions, is proud to announce a strategic partnership with MindCare, a leading provider of behavioral health services, with a focus on enhancing care delivery within Skilled Nursing Facilities...

at 14:31
Royce Micro-Cap Trust (NYSE: RMT) as of Mar 31, 2024
Average weekly trading volume of approximately 538,245 sharesFund's adviser has more than 50 years of small- and micro-cap investment experienceCLOSING PRICES AS OF 03/31/24 NAV 10.75 MKT 9.45 AVERAGE ANNUAL TOTAL RETURN AS OF 03/31/24 NAV (%) MKT...

at 14:28
Royce Value Trust (NYSE: RVT) as of Mar 31, 2024
Oldest and largest small-cap closed-end fundAverage weekly trading volume of approximately 1,119,943 sharesFund's adviser has more than 50 years of small- and micro-cap investment experienceCLOSING PRICES AS OF 03/31/24 NAV 17.10 MKT 15.17 AVERAGE...

at 14:21
Hard Rock International, Seminole Gaming, Royal Caribbean International and Celebrity Cruises Announce Global Partnership, Bringing Travel Benefits Across Land and Sea
Hard Rock International, Seminole Gaming and Royal Caribbean Group brands, Royal Caribbean International and Celebrity Cruises, today unveiled a global partnership that will benefit both vacationers and team members of the brands. Travelers around...

More news about Business...


News published on and distributed by: