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BTB Announces 2020 Election of Trustees

BTB Announces 2020 Election of Trustees

Montréal (Québec) June 9th, 2020: BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT”) is pleased to announce today that each of trustee nominee listed in the Management Information Circular dated May 4, 2020 was elected as Trustee of BTB during the Annual and Special Meeting of the Unitholder held in Montréal on June 8, 2020.

The details of the election are as follows:

Trustee nominee Outcome For Withheld
Number % Number %
Jocelyn Proteau Elected 3,549,321 84.85 633,657 15.15
Jean-Pierre Janson Elected 3,567,479 85.29 615,499 14.71
Luc Martin Elected 3,561,711 85.15 621,267 14.85
Fernand Perreault Elected 3,644,699 87.13 538,279 12.87
Lucie Ducharme Elected 3,552,460 84.93 630,518 15.07
Luc Lachapelle Elected 3,431,880 82.04 751,098 17.96
Sylvie Lachance Elected 3,557,395 85.04 625,583 14.96
Peter Polatos Elected 3,389,726 81.04 793,252 18.96
Michel Léonard Elected 3,838,175 91.76 344,803 8.24

 

The results of the final votes regarding all matters subject to a vote during the Annual and Special Meeting of the Unitholders are available on the SEDAR website (www.sedar.com)

ABOUT BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. As at June 9th, 2020, BTB owns 65 retail, office and industrial properties for a total leasable area of approximately 5.7 million square feet and an approximate total asset value of approximately of $943M.

 BTB’S OBJECTIVES


1. Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;
2. Grow the Trust’s assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;
3. Optimize the value of its assets through the dynamic management of its properties in order to maximize the long-term value of its properties and therefore, its units.

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 3%.

For more detailed information, visit BTB’s website at www.btbreit.com.

 

FOR FURTHER QUESTIONS:

Mr. Michel Léonard, President and Chief Executive Officer

(T) 514-286-0188 x228

(E) mleonard@btbreit.com mleonard@btbreit.com

 

Mr. Mathieu Bolté, Vice-President & Chief Financial Officer

(T) 514-286-0188 x244

(E) mbolte@btbreit.com