07:13 AM EDT, 06/11/2025 (MT Newswires) -- CT Real Estate Investment Trust (CRT-UN.TO) overnight Tuesday said it renewed its existing base shelf prospectus and filed and obtained a receipt for a short form base shelf prospectus, which is valid until July 10, 2027.

CT REIT also announced that it has renewed its at-the-market equity program that allows it to issue up to $100 million of REIT trust units from treasury to the public from time to time, at its discretion. There is no certainty that any units will be offered or sold under the ATM program.

A statement noted that the ATM program will be effective until the earlier of the issuance and sale of an aggregate of $100 million of units reserved under the program, the receipt for the shelf prospectus ceasing to be effective in accordance with applicable securities laws, and the termination of the distribution agreement in accordance with its terms.

It plans to use the net proceeds from the ATM program, if any, to repay indebtedness, for working capital, for acquisitions and development activity and for general business purposes.

The REIT further added that the distributions of the units under the ATM program, if any, will be led by CIBC Capital Markets and BMO Capital Markets pursuant to the terms of an equity distribution agreement dated June 10.

The Toronto Stock Exchange has conditionally approved the listing of the units that may be sold under the ATM program.