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SOURCE BTB Real Estate Investment Trust
MONTREAL, Dec. 16, 2013 /CNW Telbec/ - BTB Real Estate Investment Trust
(TSX: BTB.UN) announced today that the monthly cash distribution for
the month of December 2013 is $0.0333 per unit, representing $0.40 per
unit on an annualized basis. The cash distribution will be paid on
January 15, 2014 to unitholders of record on December 30, 2013.
BTB is a real estate investment trust listed on the Toronto Stock
Exchange. BTB is an important owner of properties in eastern Canada.
BTB owns 69 commercial, office and industrial properties for a total
leasable area of approximately 4.6 million square feet. BTB's asset
value is in excess of $530M. 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%.
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