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.
BTB Real Estate Investment Trust last traded at $4.27 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The Grocery Grift: Why Toronto and New York Are About to Light Taxpayer Money on Fire