Earnings
December 7, 2019 - CM
CIBC - 2019 Earnings & Price Target Forecast .....
December 6, 2019 - TD
TD Bank - 2019 Fiscal Earnings & Price Target Update .....
December 5, 2019 - NA
National Bank of Canada - Fiscal 2019 Earnings, Price Target .....
December 4, 2019 - RY
Royal Bank of Canada, Fiscal 2019 Earnings, Price Target Update .....
December 3, 2019 - BMO
Bank of Montreal - 2019 Earnings, Fiscal 2020 Forecast .....
December 1, 2019 - CRR.UN
Crombie REIT - Q3-2019, Price Target Update .....
November 30, 2019 - POW
Power Corp. of Canada, Q3-2019 Earnings, Price Target Update .....
November 29, 2019 - BNS
Bank of Nova Scotia, Fiscal 2019 Earnings & Price Target Update .....
Recommendation Changes
NA, ESI, NWH.UN, VET, SRV.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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