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BTB announces 2018 election of trustees

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SOURCE BTB Real Estate Investment Trust

MONTRÉAL, June 13, 2018 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB") is pleased to announce today that each of trustee nominee listed in the Management Information Circular dated May 8, 2018 was elected as Trustee of BTB during the Annual and Special Meeting of the Unitholders held in Montreal on June 12, 2018.

The details of the election are as follows:

 

Trustee nominee

Outcome

For

Withheld


Number

%

Number

%

Jocelyn Proteau

Elected

6,126,264

93.81

404,062

6.19

Jean-Pierre Janson

Elected

6,233,706

95.46

296,620

4.54

Luc Martin

Elected

6,069,880

92.95

460,446

7.05

Fernand Perreault

Elected

6,153,439

94.23

376,887

5.77

Lucie Ducharme

Elected

5,992,475

91.76

537,851

8.24

Luc Lachapelle

Elected

5,929,230

90.80

601,096

9.20

Sylvie Lachance

Elected

6,016,282

92.13

514,044

7.87

Peter Polatos

Elected

6,062,043

92.83

468,283

7.17

Michel Léonard

Elected

6,237,675

95.52

292,651

4.48

 

The results of the final votes regarding all matters subject to a vote during the Annual and Special Meeting of the Unitholders are available on the SEDAR website (www.sedar.com)

About BTB

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. BTB owns 71 commercial, office and industrial properties for a total leasable area of more than 5.4 million square feet. BTB's asset value is approximately $763 million. The objectives of BTB are: i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.

BTB offers a distribution reinvestment plan to unitholders whereby the participants may elect to have their monthly cash distribution reinvested in additional units of BTB at a price based on the weighted average price for BTB's units on the Toronto Stock Exchange for the five trading days immediately preceding the distribution date, discounted by 3%.

 

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