/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, May 31, 2016 /CNW/ - CT Real Estate Investment
Trust (CT REIT), (TSX: CRT.UN) announced today that it has completed its previously announced issuance of $350 million aggregate principal amount of senior unsecured debentures (the "Debentures") of CT REIT in
two series (the "Debenture Offering"). The Debenture Offering was made under CT REIT's short form base shelf prospectus,
dated March 5, 2015, and prospectus supplement, dated May 16, 2016,
filed with Canadian securities regulators in each of the provinces and territories of Canada.
The Debenture Offering included $150 million principal amount of series C senior unsecured
debentures with a 5-year term and a coupon of 2.159% per annum and $200 million principal amount of
series D senior unsecured debentures with a 10-year term and a coupon of 3.289% per annum. The Debentures have been rated "BBB+" by
Standard and Poor's Ratings Service and "BBB(high)" by DBRS Limited. The Debentures are direct senior unsecured obligations of CT
REIT.
CT REIT intends to use the proceeds of the Debenture Offering to pay down certain amounts outstanding under its credit facility,
and to retain the balance of the proceeds for general business purposes.
The Debenture Offering was led by RBC Capital Markets and BMO Capital Markets.
The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be
any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About CT Real Estate Investment Trust
CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed end real estate investment trust formed to own income
producing commercial properties primarily located in Canada. Its portfolio is comprised of more than 298 properties totaling
over 22.7 million square feet of GLA, consisting primarily of retail properties located across Canada. Canadian Tire
Corporation, Limited is CT REIT's most significant tenant. For more information, visit ctreit.com.
Forward–Looking Statements
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects
CT REIT's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is
subject to a number of risks and uncertainties, many of which are beyond CT REIT's control, that could cause actual results and
events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and
uncertainties include, but are not limited to the factors discussed under "Risk Factors" in CT REIT's 2015 Annual Information Form
and its MD&A for the period ended December 31, 2015, which are both available on CT REIT's
website at www.ctreit.com and on SEDAR at www.sedar.com. CT REIT does not undertake any obligation to update such
forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by
applicable law.
SOURCE CT Real Estate Investment Trust (CT REIT)
