/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/
MONTREAL, June 5, 2012 /CNW Telbec/ - BTB Real Estate Investment Trust
(TSXV: BTB.UN) ("BTB") is pleased to announce that it has received
final approval from the Toronto Stock Exchange ("TSX") to list its
trust units, Series B 8.5% Convertible Unsecured Subordinated
Debentures (BTB.DB.B), Series C 8% Convertible Unsecured Subordinated
Debentures (BTB.DB.C) and Series D 7.25% Convertible Unsecured
Subordinated Debentures (BTB.DB.D), at the opening of the markets on
Thursday, June 7, 20012, at which point such securities will no longer
be listed on the TSX Venture Exchange. BTB's current trading symbols
will remain unchanged upon graduation.
"The graduation to the TSX represents an important milestone for BTB"
said Michel Léonard, President and Chief Executive Officer, "it
acknowledges the years during which we have been working to build a
strong portfolio for BTB".
Upon listing on the TSX, the trust units of BTB shall be consolidated on
the basis of one (1) post-consolidation unit for five (5)
pre-consolidation units. The exercise price and number of units of BTB
issuable upon payment of the exercise price of the outstanding options
and convertible debentures has been proportionally adjusted with the
implementation of the unit consolidation.
Letters of transmittal providing for the exchange of certificates
representing pre-consolidation units for certificates representing
post-consolidation units have been delivered to 9 unitholders holding
such physical certificates.
This press release shall not constitute an offer to sell, or
solicitation of an offer to buy, any securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful. The
securities mentioned herein have not been and will not be registered
under the U.S. Securities Act of 1933 as amended and may not be offered
or sold in the United States absent registration or pursuant to
applicable exemption from registration.
BTB is a real estate investment trust listed on the TSX Venture
Exchange. Its objective is to provide unitholders with stable cash
distributions from investments in a quality portfolio of office,
industrial, commercial and retail properties predominantly located in
the province of Quebec. BTB is led by an experienced management team
with in-depth experience in the real estate industry and a Board of
Trustees focused on governance and sound business practices.
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
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE BTB REAL ESTATE INVESTMENT TRUST
For further information:
Mr. Michel Léonard
President and Chief Executive Officer
514-286-0188, ext. 228