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BTB REIT closes partial exercise of overallotment option in public offering

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BTB REIT closes partial exercise of overallotment option in public offering

BTB REITsaid the underwriters for its publicoffering of units exercised their overallotment option and acquiredan additional 565,342 units at C$4.55 apiece.

The REIT wrapped up the partial exercise of the overallotmentoption, which generated total net proceeds of around C$2.5 million, after deductionof the underwriters' fee.

The exercise of the overallotment option brought the offering'saggregate gross proceedsto roughly C$32.5 million.

National Bank Financial Inc. led the syndicate of underwriters,including TD Securities Inc., Laurentian Bank Securities Inc., Raymond James Ltd.,Scotia Capital Inc., Echelon Wealth Partners Inc., GMP Securities LP, Dundee SecuritiesLtd. and Industrial Alliance Securities Inc.