BTB REIT Announces $35 Million Bought Deal Equity Offering and Provides Capital Deployment & Operational Updates

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MONTRÉAL, March 21, 2022 (GLOBE NEWSWIRE) -- BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB”, the “REIT” or the “Trust”) announces today that it has reached an agreement with a syndicate of underwriters led by National Bank Financial Inc. (the “Underwriters”) to issue to the public, subject to regulatory approval, on a bought deal basis 8,334,000 trust units (the “Units”) at a price of $4.20 per Unit for gross proceeds of approximately $35M. The REIT has granted the Underwriters an over-allotment option exercisable in whole or in part at any time up to 30 days after closing to purchase up to an additional 1,250,100 Units at the same offering price.