29 Mar BTB announces amendment to its distribution reinvestment plan (DRIP)
Montréal, Québec (March 29, 2016): BTB Real Estate Investment Trust (“BTB”) (TSX: BTB.UN) announces that it has received approval from the Toronto Stock Exchange to amend its Distribution Reinvestment Plan.
Amendment to BTB’s DRIP
The Trustees of BTB have decided to decrease the discount of the DRIP from 5% to 3% to be consistent with the discount offered by many Canadian REITs. Under the DRIP, 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%.
The decision will be effective for the April 2016 distribution that will be payable on May 16, 2016 to unitholders of record as of April 29, 2016.
For further information, please contact:
|Mr. Michel Léonard
President and Chief Executive Officer
514-286-0188, ext. 228
|Mr. Benoit Cyr
Vice-President and Chief Financial Officer
514-286-0188, ext. 230