BTB Announces 2020 Election of Trustees

MONTRÉAL, June 9, 2020 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") is pleased to announce today that each of trustee nominee listed in the Management Information Circular dated May 4, 2020 was elected as Trustee of BTB during the Annual and Special Meeting of the Unitholders held in Montréal on June 8, 2020.

The details of the election are as follows:

Trustee nominee	Outcome	For		Withheld
		Number	%	Number	%
Jocelyn Proteau	Elected	3,549,321	84.85	633,657	15.15
Jean-Pierre Janson	Elected	3,567,479	85.29	615,499	14.71
Luc Martin	Elected	3,561,711	85.15	621,267	14.85
Fernand Perreault	Elected	3,644,699	87.13	538,279	12.87
Lucie Ducharme	Elected	3,552,460	84.93	630,518	15.07
Luc Lachapelle	Elected	3,431,880	82.04	751,098	17.96
Sylvie Lachance	Elected	3,557,395	85.04	625,583	14.96
Peter Polatos	Elected	3,389,726	81.04	793,252	18.96
Michel Léonard	Elected	3,838,175	91.76	344,803	8.24

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. As at June 9^th, 2020, BTB owns 65 retail, office and industrial properties for a total leasable area of approximately 5.7 million square feet and an approximate total asset value of approximately of $943M.

BTB'S OBJECTIVES

1. Generate stable monthly cash distributions that are reliable and fiscally beneficial to unitholders;
2. Grow the Trust's assets through internal growth and accretive acquisitions in order to increase distributable income and therefore refund distributions;
3. Optimize the value of its assets through the dynamic management of its properties in order to maximize the long-term value of its properties and therefore, its units.

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%.

For more detailed information, visit BTB's website at www.btbreit.com.

SOURCE BTB Real Estate Investment Trust

Mr. Michel Léonard, President and Chief Executive Officer, (T) 514-286-0188 x228, (E) [email protected] [email protected]; Mr. Mathieu Bolté, Vice-President & Chief Financial Officer, (T) 514-286-0188 x244, (E) [email protected]

Related Links

www.btbreit.com