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BTB announces the implementation of lines of credit with Laurentian Bank of Canada

 BTB announces the implementation of lines of credit with Laurentian Bank of  Canada  MONTRÉAL, April 15, 2014 /CNW Telbec/ - BTB Real Estate Investment Trust  (TSX: BTB.UN) ("BTB") announces that on April 15, 2014 it has secured with the  Laurentian Bank of Canada an acquisition line of credit of $15M and an  operation line of credit of $2M. Compared to the acquisition line of credit  previously in place, the interest rate of this new acquisition line of credit  is 200 basis points less and will therefore enable BTB to save on its  financial costs when using the acquisition line.  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 69  commercial, office and industrial properties for a total rentable area of  approximately 4.6 million square feet. BTB's asset value is in excess of  $545M. 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 5%.    SOURCE  BTB Real Estate Investment Trust  Mr. Michel Léonard, President and Chief Executive Officer, 514-286-0188 ext.  228  To view this news release in HTML formatting, please use the following URL:  CO: BTB Real Estate Investment Trust ST: Quebec NI: FIN REL ECO  
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