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BTB announces its distribution for the month of February 2020

BTB announces its distribution for the month of February 2020 Canada NewsWire MO...

articleBtb Real Estate Investment TrustFebruary 11, 20203/company/btb-real-estate-investment-trust-1/news/btb-announces-its-distribution-for-the-month-of-february-2020
BTB announces its distribution for the month of February 2020

About this update from Btb Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\nBTB announces its distribution for the month of February 2020\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, Feb. 11, 2020\n\n\n\nMONTRÉAL, 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 29th, 2020.\n\n \n \n\n \nBTB AS AT FEBRUARY 11th, 2020 \nBTB 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 11th, 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.  \nBTB'S OBJECTIVES\n \n(i)\nGenerate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders; \n(ii)\nGrow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;\n(iii)\nOptimize 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. \n \nBTB 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%.\nFor...

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