TORONTO, Feb. 3, 2023
/PRNewswire/ - First Capital REIT ("First Capital" or the
"REIT") (TSX: FCR.UN) today announced that its board of
trustees (the "Board") is calling an annual and special
meeting of unitholders (the "Meeting") to be held on
Tuesday, March 28, 2023. The
Meeting will address both normal course matters and matters related
to the meeting of unitholders requisitioned by Sandpiper Group and
Artis Real Estate Investment Trust (TSX: AX.UN).
Unitholders will receive detailed information about the matters
to be presented at the Meeting and information about how to vote in
a management information circular in advance of the Meeting.
Unitholders should read the information carefully before deciding
how to vote.
At this time, there is no need for unitholders to take any
action in respect of the Meeting.
Advisors
Kingsdale Advisors is acting as strategic shareholder advisor to
First Capital. Gagnier Communications is acting
as communications advisor to First Capital. Stikeman Elliott
LLP is acting as legal counsel to the Board. RBC Capital
Markets is acting as financial advisor to First Capital.
About First Capital REIT (TSX:
FCR.UN)
First Capital owns, operates and develops grocery-anchored,
open-air centres in neighbourhoods with the strongest demographics
in Canada.
FORWARD-LOOKING STATEMENT ADVISORY
This press release contains forward-looking statements and
information within the meaning of applicable securities law,
including but not limited to the Meeting and matters relating
thereto. These forward-looking statements are not historical facts
but, rather, reflect First Capital's current expectations and are
subject to risks and uncertainties that could cause the outcome to
differ materially from current expectations. Such risks and
uncertainties include, among others, general economic conditions;
tenant financial difficulties, defaults and bankruptcies; increases
in operating costs, property taxes and income taxes; First
Capital's ability to maintain occupancy and to lease or release
space at current or anticipated rents; development, intensification
and acquisition activities; residential development, sales and
leasing; risks in joint ventures; environmental liability and
compliance costs and uninsured losses; and risks and uncertainties
related to the impact of the ongoing pandemic, epidemics or other
outbreaks on First Capital which are described in First Capital's
MD&A for the year ended December 31,
2021 under the heading "Risks and Uncertainties - Ongoing
Pandemic, Epidemics or New Outbreaks". Additionally,
forward-looking statements are subject to those risks and
uncertainties discussed in First Capital's MD&A for the year
ended December 31, 2021 and in its
current Annual Information Form. Readers, therefore, should not
place undue reliance on any such forward-looking statements. First
Capital undertakes no obligation to publicly update any such
forward-looking statement or to reflect new information or the
occurrence of future events or circumstances except as required by
applicable securities law. All forward-looking statements in this
press release are made as of the date hereof and are qualified by
these cautionary statements. For further information:
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SOURCE First Capital REIT