CT Real Estate Investment Trust T.CRT.UN

Alternate Symbol(s): CTRRF

Real Estate REIT - Retail

CT Real Estate Investment Trust is a Canada-based unincorporated, closed-end real estate investment trust (REIT) formed to own income-producing commercial properties located primarily in Canada. The Company's principal objective is to invest primarily in net lease, single tenant assets, is to create unitholder value over the long-term by generating reliable, durable and growing monthly distributions on a tax-efficient basis. To achieve this objective, management is focused on expanding the REIT's asset base while also increasing its adjusted funds from operations (AFFO) per unit. Its portfolio is comprised of over 370 properties totaling approximately 30 million square feet of Gross living area (GLA), consisting primarily of net lease retail properties located across Canada. Its property types include development, industrial, mixed use, multi-tenant and single tenant. Its properties are located in various regions, such as Western Canada, Atlantic Canada, Ontario and Quebec.

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CT Real Estate Investment Trust

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Post by Betteryear2on Jan 12, 2022 6:35pm

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Post# 34310625

$250M 3.029% Series H Senior Unsecured Debentures

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, January 12, 2022 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: CRT.UN) announced today that it has agreed to issue, on a private placement basis in each of the provinces of Canada (the "Debenture Offering"), $250 million aggregate principal amount of series H senior unsecured debentures with a seven-year term and a coupon of 3.029% per annum (the "Series H Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering to redeem all of its outstanding 2.852% Series A Senior Unsecured Debentures due June 9, 2022 (the "Series A Debentures"), to pay down certain amounts outstanding under its credit facilities, and to retain the balance of the proceeds for general business purposes.