BTB Announces the Sale of one Property in Montréal, Québec

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[{"type":"text","content":"\n\n\n\nBTB Announces the Sale of one Property in Montréal, Québec\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, May 7, 2019\n\n\n\nMONTRÉAL, May 7, 2019 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) (\"BTB\") announces the sale of a retail property located at 1400 Antonio-Barbeau Street in Montréal, Québec, for total proceeds of $7.1 million. BTB purchased that property on April 1st, 2007 and paid $4 million.\n\n \n \n\n \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. BTB now owns 64 retail, office and industrial properties for a total leasable area of more than 5.2 million square feet and an approximate market value of $810M. 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.\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.\n \n\n\n \n\n\nSOURCE BTB Real Estate Investment Trust\n\n\n\nView original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/07/c6887.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","length":4104,"tagName":"div"}]

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