Earnings
October 17, 2019 - AW.UN
New! A&W Revenue Royalties Income Fund -Q3-2019 Results, Price Target Forecast .....
October 17, 2019 - ADN
New! Acadian Timber Corp. 1H-2019 Earnings, Price Target .....
October 16, 2019 - PLZ-UN
Plaza Retail REIT- 1H-2019 Earnings, Price Target Update .....
October 13, 2019 - PEGI
Pattern Energy Group -1H-2019 Earnings & Price Target Update .....
October 12, 2019 - LIF
Labrador Iron Ore Royalty Corp. 1H-2019 Earnings, Price Target Update .....
October 11, 2019 - NPI
Northland Power Inc. Q2-2019 Earnings & Price Target .....
October 10, 2019 - AQN
Algonquin Power & Utilities Corp. Q2-2019 Earnings & Price Target .....
October 8, 2019 - CNQ
Canadian Natural Resources Ltd. Q2-2019 Earnings, Price Target .....
Recommendation Changes
SRV.UN, PLZ-UN, ESI, KEG.UN, WIR.U, 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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