/NOT FOR DISTRIBUTION TO THE UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
MONTRÉAL, March 30,
2022 /CNW Telbec/ - BTB Real Estate Investment Trust
(TSX: BTB.UN) ("BTB", the "REIT" or the
"Trust") announces today that it has closed its previously
announced bought deal public offering[1] and the concurrent closing
of the issuance of 1,250,100 additional trust units pursuant to the
full exercise of the over-allotment option granted to the
underwriters. Including the exercise of the over-allotment option,
BTB sold an aggregate amount of 9,584,100 trust units (the
"Units") at a price of $4.20
per Unit for gross proceeds of approximately $40.3M.
This press release does not constitute an offer to sell
securities, nor is it a solicitation of an offer to buy securities
in any jurisdiction. This news release does not constitute an offer
of securities for sale in the United
States and the securities referred to in this news release
may not be offered or sold in the United
States absent a registration or an exemption from
registration.
About BTB
BTB is a real estate investment trust listed on the Toronto
Stock Exchange. BTB is a property owner active in eastern and
western Canada and owns 73
properties, representing a total leasable area of approximately
5.7 million square feet and a total asset value that
surpasses $1.1 billion.
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 3%.
For more detailed information, visit BTB's website at
www.btbreit.com.
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1 Please refer to the press release
published on March 21st, 2022.
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Forward-Looking Statements
This press release may contain forward-looking statements with
respect to BTB. These statements generally can be identified by use
of forward-looking words such as "may", "will", "expect",
"estimate", "anticipate", "intends", "believe" or "continue" or the
negative thereof or similar variations. The actual results and
performance of BTB could differ materially from those expressed or
implied by such statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Some important factors that could cause actual
results to differ materially from expectations include, among other
things, general economic and market factors, competition, changes
in government regulation and the factors described from time to
time in the documents filed by BTB with the securities regulators
in Canada. The cautionary
statements qualify all forward-looking statements attributable to
BTB and persons acting on their behalf. Unless otherwise stated or
required by applicable law, all forward-looking statements speak
only as of the date of this press release.
SOURCE BTB Real Estate Investment Trust