Firm Capital Property Trust Completes $28.8 Million Bought Deal Financing of Trust Units

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, June 08, 2021 (GLOBE NEWSWIRE) — Agency Capital Property Belief (“FCPT” or the “Belief”), (TSX-V: FCD.UN) is happy to announce that it that it has closed its beforehand introduced public providing of 4,107,800 belief models (“Belief Models“) at a worth of $7.00 per Belief Unit for gross proceeds of $28,754,600 with a syndicate of underwriters led by Canaccord Genuity Corp., CIBC World Markets Inc. and TD Securities Inc. as lead underwriters, and together with, iA Non-public Wealth Inc., Nationwide Financial institution Monetary Inc., Raymond James Ltd., Scotia Capital Inc., Laurentian Financial institution Securities Inc., Desjardins Securities Inc. and Echelon Wealth Companions Inc. (collectively, the “Underwriters“).

The closing contains 535,800 Belief Models issued upon the total train by the Underwriters of the over-allotment possibility granted to them pursuant to the underwriting settlement dated June 2, 2021 between FCPT and the Underwriters.

The online proceeds of the providing can be used to repay indebtedness and for working capital and common belief functions.

A trustee of the Belief acquired 30,000 Belief Models underneath the providing. Such participation is taken into account a associated social gathering transaction inside the which means of Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101“). The associated social gathering transaction is exempt from minority approval, data round and formal valuation necessities pursuant to the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the honest market worth of the securities issued underneath the providing nor the consideration paid by the trustee exceeded 25% of the Belief’s market capitalization. A fabric change report in respect of this associated social gathering transaction couldn’t be filed sooner than 21 days previous to the closing of the providing because of the providing being launched on Could 31, 2021 and the phrases of the participation of the associated events within the providing being confirmed shortly earlier than closing.

DISTRIBUTION REINVESTMENT PLAN & UNIT PURCHASE PLAN

The Belief has in place a Distribution Reinvestment Plan (“DRIP”) and Unit Buy Plan (the “UPP”). Below the phrases of the DRIP, FCPT’s Unitholders could elect to routinely reinvest all or a portion of their common month-to-month distributions in extra Belief Models, with out incurring brokerage charges or commissions. Below the phrases of the UPP, FCPT’s Unitholders could buy a minimal of $1,000 of Belief Models per thirty days and most purchases of as much as $12,000 every year. Administration and trustees haven’t participated within the DRIP or UPP to this point and personal roughly 7% of the issued and excellent belief models of the Belief.

ABOUT FIRM CAPITAL PROPERTY TRUST

Agency Capital Property Belief is concentrated on creating long-term worth for Unitholders, by means of capital preservation and disciplined investing to realize steady distributable revenue. In partnership with administration and business leaders, The Belief’s plan is to personal in addition to to co-own a diversified portfolio of multi-residential, flex industrial, internet lease comfort retail, and core service supplier skilled house. Along with stand alone accretive acquisitions, the Belief will make joint acquisitions with sturdy monetary companions and acquisitions of partial pursuits from present possession teams, in a way that gives liquidity to these promoting homeowners {and professional} administration for these remaining as companions. Agency Capital Realty Companions Inc., by means of a construction centered on an alignment of pursuits with the Belief sources, syndicates and property and asset manages investments on behalf of the Belief.

FORWARD-LOOKING INFORMATION

This press launch could include forward-looking statements. In some circumstances, forward-looking statements will be recognized by way of phrases comparable to “could”, “will”, “ought to”, “anticipate”, “plan”, “anticipate”, “imagine”, “estimate”, “predict”, “potential”, “proceed”, and by discussions of methods that contain dangers and uncertainties. The forward-looking statements are based mostly on sure key expectations and assumptions made by the Belief. By their nature, forward-looking statements contain quite a few assumptions, inherent dangers and uncertainties, each common and particular, that contribute to the likelihood that the predictions, forecasts, projections and numerous future occasions is not going to happen. These dangers embody, however should not restricted to, dangers related to the usage of proceeds from the sale of Belief Models and the dangers associated to FCPT’s enterprise, together with these recognized in FCPT’s annual data kind for the 12 months ended December 31, 2020 underneath the heading “Dangers and Uncertainties” (a duplicate of which can be obtained at www.sedar.com). Though administration of the Belief believes that the expectations mirrored within the forward-looking statements are affordable, there will be no assurance that future outcomes, ranges of exercise, efficiency or achievements will happen as anticipated. Neither the Belief nor another individual assumes duty for the accuracy and completeness of any forward-looking statements, and nobody has any obligation to replace or revise any forward-looking assertion, whether or not because of new data, future occasions or such different elements which have an effect on this data, besides as required by legislation.

This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, which can be made solely via a prospectus, nor shall there be any sale of the Belief Models in any state, province or different jurisdiction by which such supply, solicitation or sale can be illegal previous to registration or qualification underneath securities legal guidelines of any such state, province or different jurisdiction. The Belief Models haven’t been, and won’t be registered underneath the U.S. Securities Act, and will not be supplied, offered or delivered in america absent registration or an software for exemption from the registration necessities of U.S. securities legal guidelines.

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch. Further details about the Belief is offered at www.firmcapital.com or www.sedar.com.