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Bullboard - Stock Discussion Forum 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... see more

TSX:BTB.DB.H - Post Discussion

BTB Real Estate Investment Trust > BTB.UN.T DRIP plan details
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Post by TimeBuilder on Oct 16, 2021 1:59pm

BTB.UN.T DRIP plan details


FYI: Copy from web site


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.

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