/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TORONTO, Nov. 19, 2019 /CNW/ - Firm Capital Property Trust
("FCPT" or the "Trust"), (TSXV : FCD.UN) announced
today that it has filed a preliminary short form base shelf
prospectus with the securities regulatory authorities in all
provinces of Canada that will,
upon a receipt being issued for FCPT's (final) short form base
shelf prospectus, allow FCPT to offer and issue up to $250 million of trust units, debt securities,
subscription receipts, warrants or units, or any combination of
such securities, over a 25-month period. The preliminary short form
base shelf prospectus has not yet become final for the purpose of
the sale of securities. When securities covered by the (final)
short form base shelf prospectus are offered for sale, a prospectus
supplement containing terms of these securities will be filed.
The securities covered by the base shelf prospectus have not
been, and will not be, registered under the United States
Securities Act of 1933, as amended, or any state securities laws,
and may not be offered or sold in the
United States unless an exemption from registration is
available. This news release is for information purposes only and
does not constitute an offer to sell or a solicitation of an offer
to buy any securities of FCPT in any jurisdiction.
DISTRIBUTION REINVESTMENT PLAN & UNIT PURCHASE
PLAN
The Trust has in place a Distribution Reinvestment Plan
("DRIP") and Unit Purchase Plan (the "Plan"). Under
the terms of the DRIP, FCPT's Unitholders may elect to
automatically reinvest all or a portion of their regular monthly
distributions in additional Units, without incurring brokerage fees
or commissions. Under the terms of the Plan, FCPT's Unitholders may
purchase a minimum of $1,000 of Units
per month and maximum purchases of up to $12,000 per annum.
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's 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 sources, syndicates and property and asset manages
investments on behalf of the Trust.
FORWARD LOOKING INFORMATION
This news release contains
forward-looking staements. Much of this information can be
identified by words such as "expect to," "expected," "will,"
"estimated" or similar expressions suggesting future outcomes or
events. FCPT believes the expectations reflected in such
forward-looking statements are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and
expectations that involve a number of risks and uncertainties,
which could cause actual results or events to differ materially
from those anticipated. These risks include, but are not limited
to, risks associated with the potential issuance of securities of
the Trust, the type of securities that may be issued, the ability
to satisfy regulatory, stock exchange and commercial closing
conditions of an offering of securities, the uncertainty associated
with accessing capital markets and the risks related to the Trust's
business, including those identified in the Trust's annual
information form for the year ended December
31, 2018 under the heading "Risks and Uncertainties" (a copy
of which may be obtained at www.sedar.com). Forward-looking
statements contained in this news release are made as of the date
hereof and are subject to change. All forward-looking statements in
this news release are qualified by these cautionary statements.
Except as required by applicable law, the Trust undertakes no
obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise.
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. Additional information about the Trust is
available at www.firmcapital.com or www.sedar.com.
SOURCE Firm Capital Property Trust