TORONTO, July 14, 2014 /CNW/ - Firm Capital Property
Trust ("FCPT" or the "Trust") (TSXV : FCD.UN)
announces the grant of options to acquire units in the capital of
the Trust (each, a "Unit") to the trustees and officers of
the Trust on June 23, 2014.
Each of the options will expire five years from the date of
grant. Trustees and officers of the Trust were issued options
to purchase that number of Units as set forth opposite their name
as follows:
Trustee /
Officer
|
Number of
Options
|
Exercise Price /
Unit
|
Stanley
Goldfarb
|
18,000
|
$5.30
|
Lawrence
Shulman
|
18,000
|
$5.30
|
Manfred
Walt
|
18,000
|
$5.30
|
Geoffrey
Bledin
|
18,000
|
$5.30
|
Howard
Smuschkowitz
|
18,000
|
$5.30
|
Eli
Dadouch
|
69,000
|
$5.30
|
Jonathan
Mair
|
20,000
|
$5.30
|
Robert
McKee
|
40,000
|
$5.30
|
Sandy
Poklar
|
40,000
|
$5.30
|
Total
|
259,000
|
|
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 private placement. 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.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Firm Capital Property Trust