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BTB Real Estate Investment Trust T.BTB.DB.G

Alternate Symbol(s):  BTBIF | T.BTB.DB.H | T.BTB.UN

BTB Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust (REIT). The Trust’s primary objective is to maximize total return to unitholders, to generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders, to grow the Trust’s assets through internal growth and accretive acquisitions, and optimize the value of its assets through dynamic management of its properties to maximize their long-term value. The Trust invests in industrial, off-downtown core office and necessity-based commercial properties across Canada for the benefit of its investors. The Trust owns and manages approximately 75 properties, representing a total leasable area of approximately 6.1 million square feet. The Trust operates through three segments, which include Industrial, Off downtown core office and Necessity-based retail. The Trust’s operations are located in the provinces of Quebec, Ontario, Alberta and Saskatchewan.


TSX:BTB.DB.G - Post by User

Post by TimeBuilderon Apr 28, 2023 3:04pm
231 Views
Post# 35419817

T.BTB.UN FYI: DRIProgram details

T.BTB.UN FYI: DRIProgram details

Noted:Copied from BTB website FYI: Distribution   History


 

The REIT distributes to Unitholders monthly, on or about the fifteen day in each calendar month, such percentage of the distributable income of the REIT for the preceding calendar month as the Trustees determine in their discretion. 

 

2023

Record Date Payment Date Monthly Distribution Annual Distribution
April 28, 2023 May 15, 2023 $0.025  
March 31, 2023 April 17, 2023 $0.025  
February 28, 2023 March 15, 2023 $0.025  
January 31, 2023 February 15, 2023 $0.025  

 

Distribution Policy
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Unitholder Rights Agreement (EN only)

Distribution Reinvestment Plan (DRIP)

On October 4th, 2011, BTB established a Distribution Reinvestment Plan the (the “Plan”) to enable Canadian resident unitholders (“Unitholders”) to acquire additional units of BTB (“Units”) through the reinvestment of regular monthly distributions on all or any part of their Units.

To enrol in the Plan, beneficial Unitholders must contact their broker who is a CDS participant and who holds the Unitholder’s uncertificated Units. Registered Unitholders must contact Computershare Trust Company of Canada National Customer Contact Centre at 1-800-564-6253. Once enrolled, participation in the Plan will continue automatically unless terminated.

Plan Units will be issued directly from the treasury of BTB at a price based on the volume-weighted average of the trading prices for the five (5) trading days immediately preceding the relevant distribution date, discounted by 3%.

BTB reserves the right to amend, suspend or terminate the Plan at any time, but such action shall have no retroactive effect that would prejudice the interest of the Plan participants. All administrative costs associated with the operation of the Plan will be paid by BTB.

BTB has reserved for issuance with the Toronto Stock Exchange 1 100,000 additional Units to accommodate the purchase of Units under the Plan.

 

 

2023

Record Date Payment Date Monthly Distribution
March 31, 2023 April 17, 2023 $3.3027
February 28, 2023 March 15, 2023 $3.5533
January 31, 2023 February 15, 2023 $3.6434

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