02:33:15 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



CT Real Estate Investment Trust
Symbol CRT
Shares Issued 108,089,548
Close 2023-11-16 C$ 13.72
Market Cap C$ 1,482,988,599
Recent Sedar Documents

CT REIT completes $250-million debenture offering

2023-11-17 11:01 ET - News Release

An anonymous trustee reports

CT REIT COMPLETES OFFERING OF $250M 5.828% SERIES I SENIOR UNSECURED DEBENTURES DUE JUNE 14, 2028

CT Real Estate Investment Trust has completed its previously announced issuance, on a private placement basis in certain of the provinces of Canada, of $250-million aggregate principal amount of Series I senior unsecured debentures with a 4.6-year term and a coupon of 5.828 per cent per annum. CT REIT intends to use the net proceeds of the debenture offering for the repayment of short-term indebtedness and to retain the balance of the proceeds for general business purposes. The Series I debentures have been rated BBB by S&P Global Ratings and BBB with a stable trend by DBRS Morningstar. The Series I debentures are direct senior unsecured obligations of CT REIT.

The debenture offering was led by RBC Capital Markets, TD Securities Inc. and CIBC Capital Markets.

About CT Real Estate Investment Trust

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio comprises over 370 properties totalling more than 30 million square feet of gross leasable area, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corp. Ltd. is CT REIT's most significant tenant.

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