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Extendicare Inc. Q1-2020 Earnings, Price Target Update .....
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Sienna Senior Living Inc. Q1-2020 Earnings, Price Target Update .....
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Chartwell Retirement Residences, Q1-2020 Earnings, Price Target Update .....
July 1, 2020 - IAG
iA Financial Corporation Inc. Q1-2020 Earnings, Price Target .....
June 27, 2020 - T
Telus Corporation - Q1-2020 Earnings, Price Target Update .....
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Recommendation Changes
NWC, CPX, H, QBR.B, AW.UN, more...

BTB REIT- 6% Convertible Debenture New Issue

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BTB REIT(BTB.UN, BTB.DB.E, BTB.DB.F) has issued $24M, 6% convertible unsecured subordinated debentures maturing Oct-31-2024. The conversion price of $5.42 is a 15% premium to the current share price of $4.71.

The debentures are not redeemable prior to Oct-31-2022. After Oct-31-2022 and prior to Oct-31-2023, the debentures may be redeemed providing the common shares are priced at 125% of the redemption price. After Oct-31-2023 and up to the maturity date of Oct-31-2024 the debentures are redeemable at par. The debentures can be settled in shares of BTB.UN at the option of BTB.UN at maturity

Should there be a takeover offer for more than 50% of the common shares the debentures, the debenture holders can require BTB to repurchase the convertible debentures at par.

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