Business
Firm Capital Property Trust announces October, November and December 2013 distributions
TORONTO , Aug. 14, 2013 /CNW/ - Firm Capital Property Trust (TSXV: FCD.UN) (" FCPT" or ...
About this update from Firm Capital Property Trust
[{"type":"text","content":"\n\n\nTORONTO, Aug. 14, 2013 /CNW/ - Firm Capital Property Trust (TSXV:\n FCD.UN) (\"FCPT\" or the \"Trust\") is pleased to announce that its Board of Trustees has approved its\n cash distribution of $0.029166 per Trust unit for the months of\n October, November and December, 2013. These distributions will be paid\n on or about November 15, 2013, December 16, 2013 and January 15, 2014\n to unitholders of record at the close of business on October 31, 2013;\n November 29, 2013; and December 31, 2013, respectively.\n\n\nThe policy of FCPT is to pay cash distributions on or about the 15th day\n of each month to Unitholders of record on the last business day of the\n preceding month. Distributions paid to Unitholders who are\n non-residents of Canada will be subject to Canadian withholding tax.\n\n\nDISTRIBUTION REINVESTMENT PLAN & UNIT PURCHASE PLAN\nThe 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\n automatically reinvest all or a portion of their regular monthly\n distributions in additional Units, without incurring brokerage fees or\n commissions. Under the terms of the Plan, FCPT's Unitholders may\n purchase a minimum of $1,000 of Units per month and maximum purchases\n of up to $12,000 per annum. Management and trustees have not\n participated in the DRIP or Plan to date and own approximately 13% of\n the issued and outstanding trust units of the Trust.\n\n\nFor the complete financial statements and Management's Discussion &\n Analysis for the period, please visit www.sedar.com or the Trust's website at www.firmcapital.com.\n\n\nABOUT FIRM CAPITAL PROPERTY TRUST\nFirm Capital Property Trust is focused on creating long-term value for\n Unitholders, through capital preservation and disciplined investing to\n achieve stable distributable income. In partnership with management and\n industry leaders, The Trust's plan is to co-own a diversified property\n portfolio of multi-residential, flex industrial, net lease convenience\n retail, and core service provider professional space. In addition to\n stand alone accretive acquisitions, the Trust will make joint\n acquisitions with strong financial partners and acquisitions of partial\n interests from existing ownership groups, in a manner that provides\n liquidi...