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, Jan. 20 /CNW Telbec/ - AM Total Investments (General Partnership) ("AM Total") today announced its intention to sell its 6,628,701 units in BTB Real Estate Investment Trust ("BTB"), which represent approximately 19.7% of BTB's outstanding units before dilution, in compliance with the applicable securities legislation and on the basis of market conditions and other relevant factors.

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: For further information: Roger Harvey, AM Total Investments (General Partnership), (418) 656-0449

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890