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

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

Real Estate REIT - Diversified

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.H - Post by User

BTB Real Estate Investment Trust

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Post by Jimpossibleon Apr 26, 2010 6:04pm

346 Views

Post# 17032838

The Cagim deal

Cagim Announces the Exercise of All Issued and Outstanding Stock Options and the Conversion of Debentures Within the Scope of the Take-Over Bid of BTB Real Estate Investment Trust

51 minutes ago via CNW Group

Cagim Real Estate Corporation (the "Corporation" or "Cagim") (TSX VENTURE:CIM), a real estate management corporation, announces that all of the 2,320,000 issued and outstanding stock options have been exercised and that the holders of such stock options will deposit the common shares in favour of the take-over bid of BTB Real Estate Investment Trust. Furthermore, Cagim announces the conversion into common shares of the convertible debentures currently in circulation representing $650,000 and has obtained confirmation from the remaining debenture holder of its intention to convert its debenture of $750,000 prior to May 7, 2010.

The 5,120,000 common shares will be deposited in response to the take-over bid of BTB Real Estate Investment Trust mailed to shareholders on April 1st, 2010, and the Corporation is confident that the minimum 66 2/3% of the Corporation's issued and outstanding common shares (calculated on a fully-diluted basis) will be duly deposited prior to the expiry of the take-over bid on May 7, 2010.

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