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BTB Publicizes $27.5 Million Purchased Deal of Belief Items


NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES

MONTREAL, April 08, 2021 (GLOBE NEWSWIRE) — BTB Actual Property Funding Belief (TSX: BTB.UN) (“BTB” or the “REIT”) publicizes right this moment that it has reached an settlement with a syndicate of underwriters led by Nationwide Financial institution Monetary Inc. (the “Underwriters”) to concern to the general public, topic to regulatory approval, on a purchased deal foundation 6,791,000 belief models (the “Items”) at a value of $4.05 per Unit for gross proceeds of roughly $27.5 million. The REIT has granted the Underwriters an over-allotment choice exercisable in entire or partly at any time as much as 30 days after closing to buy as much as an extra 1,018,650 Items on the identical providing value.

The online proceeds of the Providing can be used to repay quantities excellent beneath the acquisition credit score facility, fund the REIT’s future acquisitions and for common belief functions.

The REIT will file with the securities commissions and different comparable regulatory authorities in every of the provinces of Canada a brief kind preliminary prospectus regarding the providing of the Items on or about April 14, 2021. Closing of the providing is predicted to happen on or about April 28, 2021.

This press launch doesn’t represent a suggestion to promote, or the solicitation of a suggestion to purchase, any securities in any jurisdiction by which such provide, solicitation or sale could be illegal. The securities being supplied haven’t been and won’t be registered beneath the U.S. Securities Act of 1933 as amended and might not be supplied or offered in america absent registration or pursuant to relevant exemption from registration.

ABOUT BTB

BTB is an actual property funding belief listed on the Toronto Inventory Alternate. BTB is a vital proprietor of properties in japanese Canada. As at April 8th, 2021 BTB owns 64 retail, workplace, and industrial properties for a complete leasable space of roughly 5.3 million sq. ft. As of December 31st, 2020, BTB’s approximate complete asset worth is roughly $927M.

BTB’S OBJECTIVES

  1. Generate steady month-to-month money distributions which might be dependable and fiscally helpful to unitholders;
  2. Develop the Belief’s belongings by means of inside development and accretive acquisitions in an effort to enhance distributable earnings and due to this fact refund distributions;
  3. Optimize the worth of its belongings by means of the dynamic administration of its properties to maximise the long-term worth of its properties and due to this fact, its models.

BTB gives a distribution reinvestment plan to unitholders whereby the members could elect to have their month-to-month money distribution reinvested in extra models of BTB at a value primarily based on the weighted common value for BTB’s Items on the Toronto Inventory Alternate for the 5 buying and selling days instantly previous the distribution date, discounted by 3%.

For extra detailed data, go to BTB’s web site at www.btbreit.com.

FORWARD-LOOKING STATEMENTS

This press launch could comprise forward-looking statements with respect to BTB. These statements usually will be recognized by use of forward-looking phrases resembling “could”, “will”, “anticipate”, “estimate”, “anticipate”, “intends”, “consider” or “proceed” or the adverse thereof or comparable variations. The precise outcomes and efficiency of BTB may differ materially from these expressed or implied by such statements. Such statements are certified of their entirety by the inherent dangers and uncertainties surrounding future expectations. Some necessary components that would trigger precise outcomes to vary materially from expectations embody, amongst different issues, common financial and market components, competitors, modifications in authorities regulation and the components described on occasion within the paperwork filed by BTB with the securities regulators in Canada. Ahead-looking statements on this information launch embody particularly that the providing is predicted to shut on or about April 28, 2021, and statements regarding the anticipated use of proceeds of the providing. The cautionary statements qualify all forward-looking statements attributable to BTB and individuals performing on their behalf. Until in any other case acknowledged or required by relevant legislation, all forward-looking statements converse solely as of the date of this press launch.

FOR FURTHER QUESTIONS:

Mr. Michel Léonard, President and Chief Govt Officer
(T) 514-286-0188 x228
(E) mleonard@btbreit.com

Mr. Mathieu Bolté, Chief Monetary Officer
(T) 514-286-0188 x244
(E) mbolte@btbreit.com

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