Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

BTB Real Estate Investment Trust T.BTB.UN


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

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

Post by b919191on Jun 20, 2024 2:16pm
163 Views
Post# 36098436

So trustee Fernand Perreault had indicated his desire...

So trustee Fernand Perreault had indicated his desire......to leave the board of BTB in 2021 !!!

So despite all this advance notice, no press release, no mention in the annual chairman letter.

You can find the relevant info on page 54 of the AGM presentation available here:

https://wp.btbreit.com/wp-content/uploads/2024/06/2024_AGM_VWeb.pdf

Not too sure if you will be able to access it beyond today, but if not, I will share a Wayback Machine capture so you can read the quote from BTB chairman Jocelyn Proteau...

"Mr. Perrault expressed to me his desire to retire in 2021 but, I am very happy to have managed to convince him to do two more years. Fernand Perreault will have had a significant influence on the development of BTB from 2010 to now.
 

I am sad to see him leave us now but I understand his decision and I respect it. I will end by saying A HUGE THANK YOU for his tremendous contribution, wishing him all the health that will give him several years of sharing his great wisdom with others."


Jocelyn Proteau

Chair of the Board and Trustee



So BTB Chairman is sad to see Mr. Perreault go, but not sad enough to disclose his departure to unitholders in the same way that Daniel Fournier's departure was last year.

[head scratching]

<< Previous
Bullboard Posts
Next >>