BTB Announces Closing of the Offering of $40.25 Million of Series I Convertible Debentures and the Redemption of all Series H Debentures

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MONTRÉAL, Jan. 23, 2025 /CNW/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") announces today that it has successfully closed its previously announced bought deal public offering¹ and the concurrent closing, pursuant to the full exercise of the over-allotment option granted to the underwriters, of an additional $5.25 million aggregate principal amount of Series I 7.25% convertible unsecured subordinated debentures due February 28, 2030 (the "Series IDebentures"). Including the exercise of the over-allotment option, BTB received gross proceeds of approximately $40.25 million.