BTB announces its distribution for the month of September 2014
12 September 2014 - 11:03PM
PR Newswire (Canada)
MONTRÉAL, Sept. 12, 2014 /CNW
Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN)
announced today that the monthly cash distribution for the month of
September 2014 is $0.035 per unit, representing $0.42 per unit on an annualized basis. The cash
distribution will be paid on October 15, 2014 to unitholders
of record on September 30, 2014.
About BTB
BTB is a real estate investment trust listed on the Toronto
Stock Exchange. BTB is an important owner of properties in eastern
Canada. Today, BTB owns 71
commercial, office and industrial properties for a total leasable
area of more than 4.8 million square feet. BTB's asset value is
approximately $585M. 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.
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 5%.
SOURCE BLF Real Estate Investment Trust
Copyright 2014 Canada NewsWire
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