On May 21, 2025, CT Real Estate Investment Trust (CT REIT) announced a private placement offering of $200 million aggregate principal amount of Series J senior unsecured debentures. The offering closed on June 9, 2025. These 5-year debentures carry a coupon of 4.292% per annum and mature on June 9, 2030. The offering was conducted on an agency basis and was led by CIBC Capital Markets, BMO Capital Markets, and RBC Capital Markets.

The net proceeds are intended to repay existing indebtedness. The Series J debentures, rated “BBB” with a stable trend by Morningstar DBRS, are direct senior unsecured obligations of CT REIT. The offering was conducted in certain Canadian provinces and is not registered under the U.S. Securities Act, making it ineligible for U.S. distribution.

CT REIT is a closed-end trust with a portfolio of over 375 income-producing properties across Canada, primarily leased to Canadian Tire Corporation.