MONTRÉAL, June 3, 2015 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) will hold its annual and special meeting of the unitholders at the Marriott Château Champlain, 1 Canada Place, Terrasse Room, on Tuesday, June 16, 2015 at 11:00 a.m. (Montréal time).
Mr. Michel Léonard, President and Chief Executive Officer, will present the 2014 highlights and review the Fund's financial results.
BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, BTB owns 73 commercial, office and industrial properties for a total leasable area of approximately 5.1 million square feet. BTB's asset value exceeds $620M. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.
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 5%.
SOURCE BTB Real Estate Investment Trust
For further information: Mr. Michel Léonard, President and Chief Executive Officer, 514-286-0188 ext. 228