Business
Firm Capital Property Trust Completes $23 Million Bought Deal Financing of Trust Units
Firm Capital Property Trust Completes $23 Million Bought Deal Financing of Trust Units ...
About this update from Firm Capital Property Trust
[{"type":"text","content":"\n\n\n\nFirm Capital Property Trust Completes $23 Million Bought Deal Financing of Trust Units\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 18, 2019\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n TORONTO, Dec. 18, 2019 /CNW/ - Firm Capital Property Trust (\"FCPT\" or the \"Trust\"), (TSX-V: FCD.UN) is pleased to announce that it that it has closed its previously announced public offering of 3,450,000 trust units at a price of $6.75 per trust unit for gross proceeds of $23,287,500 with a syndicate of underwriters led by Canaccord Genuity, CIBC Capital Markets, and TD Securities as joint bookrunners, and including National Bank Financial Inc., Scotia Capital Inc., Echelon Wealth Partners Inc., Raymond James Ltd., Industrial Alliance Securities Inc., Laurentian Bank Securities Inc. and Desjardins Securities Inc. (collectively, the \"Underwriters\"). \nThe closing includes 450,000 trust units issued upon the full exercise by the Underwriters of the over-allotment option granted to them pursuant to the underwriting agreement dated December 11, 2019 between FCPT and the Underwriters.\nThe net proceeds of the offering will be used to repay indebtedness and for working capital and general trust purposes.\nNo securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless an exemption from registration is available. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of FCPT in any jurisdiction.\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 ...