Business
BTB announces its distribution for the month of October 2019
BTB announces its distribution for the month of October 2019 Canada NewsWire MON...
About this update from Btb Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n\nBTB announces its distribution for the month of October 2019\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\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, Oct. 15, 2019\n\n\n\nMONTRÉAL, Oct. 15, 2019 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) announced today that the monthly cash distribution for the month of October 2019 is $0.035 per unit, representing $0.42 per unit on an annualized basis. The cash distribution will be paid on November 15, 2019 to unitholders of record on October 31, 2019.\nAbout BTB\nBTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, As at October 15, 2019, BTB owns 66 retail, office and industrial properties for a total leasable area of approximately 5.7 million square feet and an approximate market value of $900M. \nThe 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.\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 more information, visit BTB's website at www.btbreit.com. \nSOURCE BTB Real Estate Investment Trust\n\n\n\nView original content: http://www.newswire.ca/en/releases/archive/October2019/15/c7183.html\n\n\n\n\nMr. Michel Léonard, President and Chief Executive Officer, 514-286-0188, ext. 228; Mr. Benoit Cyr, Vice President and Chief Financial Officer, 514-286-0188, ext. 230Copyright CNW Group 2019\n","length":3345,"tagName":"div"}]