Firm Capital Property Trust Announces Results of Annual Meeting of Unitholders
June 20 2024 - 5:01PM
Firm Capital Property Trust ("
FCPT" or the
"
Trust"), (TSX: FCD.UN) is pleased to announce the
voting results from its Annual Meeting of unitholders
("
Unitholders”) of Trust Units
(“
Units”) of the Trust held on June 20, 2024 (the
“
Meeting”).
All the matters put forward before Unitholders
for consideration and approval as set out in the Trust's management
information circular dated May 8, 2024 (the
"Circular") were approved by the requisite
majority of votes cast at the Meeting. In particular, Unitholders
approved the election of all trustee nominees and the approval of
RSM Canada LLP as the Trust's auditors. The board of trustees of
the Trust is comprised as follows:
|
Nominee |
Votes "For" |
% Votes "For" |
Votes "Withheld" |
% of Votes "Withheld" |
|
Geoffrey Bledin |
7,355,114 |
99.416% |
43,236 |
0.584% |
|
Eli Dadouch |
6,642,487 |
89.783% |
755,863 |
10.217% |
|
Stanley Goldfarb |
7,351,842 |
99.371% |
46,508 |
0.629% |
|
Jonathan Mair |
6,609,265 |
89.334% |
789,085 |
10.666% |
|
Robert McKee |
6,611,203 |
89.361% |
787,147 |
10.639% |
|
Sandy Poklar |
6,606,243 |
89.293% |
792,107 |
10.707% |
|
Lawrence Shulman |
7,319,442 |
98.933% |
78,908 |
1.067% |
|
Howard Smuschkowitz |
7,342,942 |
99.251% |
55,408 |
0.749% |
|
Manfred Walt |
7,353,592 |
99.395% |
44,758 |
0.605% |
|
Victoria Granovski |
6,603,743 |
89.260% |
794,607 |
10.740% |
|
Jeffrey Goldfarb |
7,317,432 |
98.906% |
80,918 |
1.094% |
|
|
|
|
|
|
7,411,746 Units were represented by Unitholders
in person or by proxy at the Meeting, representing approximately
20.1% of the total issued and outstanding Units at the record date
for the Meeting. Full details of the voting results will be posted
under the Trust's profile on www.sedarplus.ca.
ABOUT FIRM CAPITAL PROPERTY TRUST (TSX :
FCD.UN) 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 own as well as to co-own a diversified property portfolio of
multi-residential, flex industrial, and net lease convenience
retail. 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 press release contains contain
forward-looking statements within the meaning of applicable
securities laws including, among others, statements associated with
the opportunities that may be available to the Trust and statements
regarding the business of the Trust. 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. 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. These statements are not
guarantees and are based on our estimates and assumptions that are
subject to risks and uncertainties, including those described in
the Trust’s Annual Information Form for the year ended December 31,
2023 under “Risks and Uncertainties” (a copy of which can be
obtained at www.sedarplus.ca). 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.
Neither the TSX nor its Regulation Services
Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this
release. Additional information about the Trust is available at
www.firmcapital.com or www.sedarplus.ca.
For further information, please contact:
| Robert McKee |
Sandy Poklar |
| President & Chief Executive Officer |
Chief Financial Officer |
| (416) 635-0221 |
(416) 635-0221 |
| |
|
For Investor Relations information, please
contact:
| Victoria Moayedi |
| Director, Investor Relations |
| (416) 635-0221 |