Business
Shareholders of ISG Capital Corporation Approve Sale of Ingersoll Distribution Facility and Proposed Plan of Arrangement
TORONTO, Oct. 29, 2012 /CNW/ - ISG Capital Corporation (TSX-V: SUS) ("ISG" or the "Company"...
About this update from Firm Capital Property Trust
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Oct. 29, 2012 /CNW/ - ISG Capital Corporation (TSX-V: SUS)\n (\"ISG\" or the \"Company\") announced that at the annual and special\n meeting of shareholders (the \"Meeting\") held earlier today, ISG\n shareholders have overwhelmingly approved resolutions with respect to,\n among other things:\n\n\nthe proposed sale of ISG's sole real estate asset, an industrial\n distribution facility located at 311 Ingersoll Road, Ingersoll, Ontario\n (the \"Ingersoll Sale\"), and\n\n\nan arrangement involving ISG and Firm Capital Property Trust (the\n \"Trust\") and the ISG shareholders under Section 192 of the Canada\n Business Corporations Act (the \"Arrangement\") that will effectively\n convert ISG into a new real estate investment trust listed on the TSX\n Venture Exchange (\"TSXV\") with members of the Firm Capital group of\n companies providing asset, property and executive management services.\n\n\nAll resolutions tabled at the Meeting received the support of 100% of\n votes cast.  The Arrangement was also supported by 100% of the votes\n cast by minority shareholders, after excluding the votes required to be\n excluded by Multilateral Instrument 61-101, Protection of Minority\n Security Holders in Special Transactions.  The Ingersoll Sale and\n Arrangement were previously announced by ISG in press releases dated\n August 10, 2012 and August 30, 2012, respectively and fully detailed in\n an information circular mailed on October 5, 2012 and available at www.sedar.com.\n\n\nProvided that all remaining closing conditions are satisfied or waived,\n ISG expects the Ingersoll Sale to close on November 5, 2012. The\n Ontario Superior Court of Justice is expected to issue the final order\n in respect of the Arrangement on November 6, 2012 and ISG expects the\n Arrangement to be completed in the fourth quarter of 2012.\n\n\nAbout ISGISG is a publicly-traded commercial real-estate company (www.isgcapital.ca).  The company is committed to creating shareholder value by incorporating\n environmentally and socially responsible approaches in its growth\n strategy. \n\n\nAbout FIRM CAPITAL PROPERTY TRUSTFirm Capital Property Trust (\"FCPT\") is focused on creating long-term\n value for its unitholders, capital preservation and disciplined\n investing to achieve stable distributable income. In partnership ...