/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, Nov. 14, 2023/CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: CRT.UN) announced today that it has agreed to issue, on a private placement basis in each of the provinces of Canada (the "DebentureOffering"), $250 million aggregate principal amount of series I senior unsecured debentures with a 4.6-year term and a coupon of 5.828% per annum (the "Series I Debentures"). 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.