AM Total Investments (General Partnership) announces its intention to sell
its units in BTB Real Estate Investment Trust following BTB Real Estate
Investment Trust's rejection of Cominar's approach to acquire BTB Real Estate
Investment Trust
QUÉBEC,
AM Total was informed that the Cominar Real Estate Investment Trust ("Cominar"), which may be considered as its joint actor for the purposes hereof, deposited with BTB a non-binding expression of interest to acquire all of BTB's units, in the form of a friendly and negotiated transaction between Cominar and BTB, and that Cominar does not wish to pursue an approach other than a friendly and negotiated transaction. The President and Chief Executive Officer of BTB advised Cominar and AM Total that BTB does not intend to act on Cominar's approach. Therefore, AM Total intends to reduce all of its investment in BTB, in accordance with the abovementioned terms and conditions.
Cominar does not hold any unit of BTB in its own name.
For further information or to obtain a copy of the report issued pursuant to National Instrument 62-103: The Early Warning System and Related Take-Over Bid and Insider Reporting Issues filed through SEDAR as of today's date, contact:
Source: Roger Harvey AM Total Investments (General Partnership) Suite 214 455 Rue du Marais Québec, Québec G1M 3A2 Telephone: (418) 656-0449
For further information: Roger Harvey, AM Total Investments (General Partnership), (418) 656-0449
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