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Firm Capital Property Trust Announces Positive Amendments to Distribution Reinvestment Plan Including Discount on Units Issued From Treasury
TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Firm Capital Property Trust (TSX: FCD.UN) (“ ...
About this update from Firm Capital Property Trust
[{"type":"text","content":"Firm Capital Property Trust Announces Positive Amendments to Distribution Reinvestment Plan Including Discount on Units Issued From Treasury\n\n\n\n TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Firm Capital Property Trust (TSX: FCD.UN) (“\n \n FCPT”\n \n or the\n \n “Trust”\n \n ) is pleased to announce positive amendments to the Trust’s Distribution Reinvestment Plan (the “\n \n DRIP\n \n ”) including the implementation of a discount on Trust Units issued from treasury.\n \n\n Currently, the Trust’s DRIP contemplates that the floor price for Trust Units issued from treasury is $8.00 per Trust Unit and no discount is applied to Trust Units issued from treasury should the Average Market Price (as defined in the DRIP) exceed $8.00 per Trust Unit. Effective the July 2025 distribution (payable on or about August 15, 2025), the Trust’s DRIP floor price will be lowered from $8.00 per Trust Unit to $7.40 per Trust Unit. Furthermore, if the Average Market Price of the Trust Units exceeds $7.40 per Trust Unit, then the Trust will issue from treasury its Trust Units at the Average Market Price less a 3% discount.\n \n\n Currently, the Trust is distributing $0.04333 per Trust Unit (approximately $0.52 per Trust Unit annually) that equates to an 8.6% distribution yield. Given that approximately 65% of the Trust’s distributions for 2025 are expected to be Return of Capital, this equates to an effective 11.9% pre-tax distribution yield (assuming the highest marginal income tax rates). The policy of FCPT is to pay cash distributions on or about the 15th day of each month to Unitholders of record on the last business day of the preceding month.\n \n\n Further information about the Trust can be found by selecting the Firm Capital Property Trust link at\n \n www.firmcapital.com\n \n .\n \n\n\n\n ABOUT FIRM CAPITAL PROPERTY TRUST (TSX: FCD.UN)\n \n\n\n\n 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 acqu...