TORONTO, March 18, 2013 /CNW/ - Firm Capital Property
Trust ("FCPT" or the "Trust"), (TSXV : FCD.UN)
reported today its consolidated financial results for the period
from August 30, 2012 (date of
formation) to December 31, 2012. For
the complete financial statements and Management's Discussion &
Analysis for the period, please visit www.sedar.com or the Trust's
website at www.firmcapital.com.
The Trust is also pleased to announce that its
Board of Trustees has approved its cash distribution of
$0.029166 per Trust unit for the
months of April, May and June, 2013. These distributions will be
paid on or about May 15, 2013;
June 15, 2013; and July 15, 2013 to Unitholders of record at the
close of business on April 30, 2013;
May 31, 2013; and June 28, 2013; respectively.
The policy of FCPT is to pay cash distributions on or about the
15th day of each month to Unitholders of record on the last
business day of the preceding month. Distributions paid to
Unitholders who are non-residents of Canada will be subject to Canadian withholding
tax. Participation in the Trust's Distribution Reinvestment Plan
("DRIP") and Unit Purchase Plan by management and trustees
is currently nil.
ABOUT FIRM CAPITAL PROPERTY TRUST
Firm Capital Property Trust is focused on
creating long-term value for Unitholders, through capital
preservation and disciplined investing to achieve stable
distributable income. In partnership with management and industry
leaders, The Trust plan is to co-own a diversified property
portfolio of multi-residential, flex industrial, net lease
convenience retail, and core service provider professional space.
In addition to stand alone accretive acquisitions, the Trust will
make joint acquisitions with strong financial partners and
acquisitions of partial interests from existing ownership groups,
in a manner that provides liquidity to those selling owners and
professional management for those remaining as partners. Firm
Capital Realty Partners Inc., through a structure focused on an
alignment of interests with the Trust, will source, syndicate and
participate in investments.
FORWARD LOOKING INFORMATION
This press release may contain forward-looking
statements. In some cases, forward-looking statements can be
identified by the use of words such as "may", "will", "should",
"expect", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue", and by discussions of strategies that
involve risks and uncertainties. The forward-looking statements are
based on certain key expectations and assumptions made by the Trust
regarding, among other things, the use of the net proceeds from the
Offering, the closing of the Offering, and the closing of the
Acquisition. By their nature, forward-looking statements involve
numerous assumptions, inherent risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, forecasts, projections and various future events will
not occur. Although management of the Trust believes that the
expectations reflected in the forward-looking statements are
reasonable, there can be no assurance that future results, levels
of activity, performance or achievements will occur as anticipated.
Neither the Trust nor any other person assumes responsibility for
the accuracy and completeness of any forward-looking statements,
and no one has any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or such other factors which affect this information,
except as required by law.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, which may be made
only by means of a prospectus, nor shall there be any sale of the
Units in any state, province or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under securities laws of any such state, province
or other jurisdiction. The Units of the Firm Capital Property Trust
have not been, and will not be registered under the U.S. Securities
Act of 1933, as amended, and may not be offered, sold or delivered
in the United States absent
registration or an application for exemption from the registration
requirements of U.S. securities laws.
SOURCE Firm Capital Property Trust