Firm Capital Property Trust Receives Conditional Approval to TSX Graduation
January 27 2022 - 5:01PM
Firm Capital Property Trust (“
FCPT” or the
“
Trust”) (TSXV: FCD.UN) is pleased to announce
that it has received conditional approval to list its Trust Units
on The Toronto Stock Exchange (the "
TSX") under
the trading symbol "FCD.UN".
Final approval of the listing is subject to the
Trust meeting certain customary conditions of the TSX, including
the provision of final documentation. Upon final approval, the
Trust intends to issue a news release confirming the date upon
which its Trust Units will commence trading on the TSX, which is
anticipated to occur prior to the end of the second quarter of
2022. At that time, the Trust Units will be delisted from the
TSXV.
Unitholders of the Trust are not required to
take any action in connection with its TSX listing, as there will
be no change in the Trust Units' trading symbol or CUSIP.
President and CEO, Robert McKee, stated:
"Graduating from the TSXV to the TSX is an important milestone for
Firm Capital Property Trust. Over the past few years, the Trust has
grown significantly, achieving a scale and maturity that
makes Canada's premier stock exchange a natural and
timely fit. Combined with the Trust’s ability to consistently grow
cash flow and distributions annually, the listing is a furthering
of our commitment to raising the Trust’s profile with the
investment community; providing increased exposure to a broader
base of potential unitholders as we continue to grow.”
ABOUT FIRM CAPITAL PROPERTY TRUST (TSXV:
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 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.
For the complete financial statements,
Management’s Discussion & Analysis and supplementary
information, please visit www.sedar.com or the Trust’s website at
www.firmcapital.com
FORWARD LOOKING INFORMATIONThis
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. 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 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.
For further information, please contact:
Robert McKee
President & Chief Executive Officer(416)
635-0221
Sandy PoklarChief Financial Officer(416)
635-0221
Victoria MoayediVP, Investor Relations(416)
635-0221
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