08:09 AM EDT, 09/05/2025 (MT Newswires) -- BTB Real Estate Investment Trust (BTB-UN.TO) on Friday confirmed that its board of trustees is aware of the partial tender offer by Ewing Morris Fleetwood LP, an investment vehicle managed by Ewing Morris & Co. Investment Partners Ltd., to acquire up to 8 million units of BTB at a price of $3.80 per unit.

The REIT said it was first notified by Ewing Morris in relation to this matter on September 3, 2025. It added the board is carefully reviewing and will assess the partial tender offer on its merits.

BTB was up $0.06 at $3.75 yesterday.