TSX:BTB.DB.G - Post by User
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TimeBuilderon Aug 09, 2021 7:23pm
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RE:BTB Posts Strong 2021 Second Quarter Results
RE:BTB Posts Strong 2021 Second Quarter ResultsThis important going forward IMO :>O
Cash Position: BTB concluded Q2 2021 with a cash position of $25.3 million. The $19.0 million increase in cash since the last quarter is mainly due to the net proceeds received from the equity issue of $31.6 million (excluding transaction costs). The operating and acquisition lines of credit were fully repaid and thus our cash on hand and on our lines of credit of $23 million are fully available and ready to be deployed.
Beyond BTB's cash position of $25.3 million, the Trusts' financial capacity is beyond $40 million, which would allow BTB to acquire approximately
$100 million in assets without going to market.