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Ewing Morris Announces Premium All-Cash Offer to Acquire Units of BTB Real Estate Investment Trust
Offer is for $3.80 per Unit of BTB payable in cash for up to 8,000,000 UnitsProvides Unitholders with immediate liquidity at a premium to marketPurchase Price exceeds every current sell-side analyst target priceBTB Units have not traded at the Purchase Price since mid-2023Toronto, Ontario--(Newsfile Corp. - September 4, 2025) - Ewing Morris, on behalf of investment vehicles and accounts managed by us ("Ewing Morris"), today announced a premium, all-cash offer (the "Offer") to acquire up to...
About this update from Btb Real Estate Investment Trust
[{"type":"list","items":[{"val":[{"type":"text","content":"Offer is for $3.80 per Unit of BTB payable in cash for up to 8,000,000 Units","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Provides Unitholders with immediate liquidity at a premium to market","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Purchase Price exceeds every current sell-side analyst target price","length":67,"tagName":"p"}]},{"val":[{"type":"text","content":"BTB Units have not traded at the Purchase Price since mid-2023","length":62,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":273,"olType":false},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - September 4, 2025) - Ewing Morris, on behalf of investment vehicles and accounts managed by us ("Ewing Morris"), today announced a premium, all-cash offer (the "Offer") to acquire up to 8,000,000 units ("Units") of BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "Trust") at a price of $3.80 per Unit (the "Purchase Price").","length":433,"tagName":"p"},{"type":"text","content":"The Purchase Price represents an approximate 4% premium to the volume-weighted average price of the Units on the TSX over the 20 trading days prior to this announcement and exceeds the target price of all current sell-side analysts covering BTB.","length":245,"tagName":"p"},{"type":"text","content":"The total value of the Offer, if fully taken up, is approximately $30,400,000. The Offer is open for acceptance until 5:00 p.m. (Montreal time) on September 30, 2025 unless the Offer is extended, varied or withdrawn. The Offer is not a "take-over bid" under Canadian securities laws.","length":293,"tagName":"p"},{"type":"text","content":"Unitholders who have questions with respect to the Offer should contact Ewing Morris at 416-640-2791, or by email at [email protected], or Sodali & Co (the "Information Agent") at 1-888-444-0617 (Toll free (US & Canada)) or at 1-289-695-3075 (Calls (All Regions)) or by email at [email protected], or Odyssey Trust Company (the "Depositary") at 1-888-290-1175 (Toll Free (US & Canada)) or at 587-885-0960 (Calls (All Regions)) or by email at [email protected]. The materials regarding the Offer will be available on the Trust's SEDAR...