On January 6, 2021, CT Real Estate Investment Trust completed its previously announced issuance on a private placement basis of $150 million aggregate principal amount of Series G senior unsecured debentures. The offering of the 2.371% notes are due 2031 and was led by RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc. The proceeds from the offering will be put towards the completion of the previously announced redemption of the outstanding $150 million aggregate principal amount of its 2.159% Series C Senior Unsecured Debentures.
CT REIT is an unincorporated, closed end real estate investment trust formed to own income producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.
Osler, Hoskin & Harcourt LLP advised the syndicate of agents with a team consisting of Christopher Murray and Alexandra Alacchi (Corporate).