BTB Real Estate Investment Trust (TSX: BTB.UN) announced today that it has filed a final short form base shelf prospectus with the respective securities regulatory bodies. The filing will allow the company to raise up to $200 million in gross proceeds.
The prospectus, valid for 25 months, allows BTB to offer any or a combination of trust units, debt securities, subscription receipts, and warrants for total aggregate proceeds of $200 million.
The real estate investment trust company shared that the proceeds of any offering is intended to provide financial flexibility for the company and efficient access to Canadian capital markets.
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BTB Real Estate Investment Trust last traded at $4.27 on the TSX.
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