First Capital Announces Receipt of Interim Court Order for Plan of Arrangement

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[{"type":"text","content":"\n\n\n\nFirst Capital Announces Receipt of Interim Court Order for Plan of Arrangement\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Oct. 25, 2019\n\n\n\nTORONTO, Oct. 25, 2019 /CNW/ - First Capital Realty Inc. (the \"Company\") (TSX: FCR), one Canada's leading developers, owners and operators of mixed-used urban real estate in Canada's most densely populated centres, is pleased to announce that it has received an interim order of the Ontario Superior Court of Justice (Commercial List) authorizing various matters in connection with the Company's previously announced plan of arrangement under Section 182 of the Business Corporations Act (Ontario) (the \"Arrangement\") to convert the Company from a corporation to a real estate investment trust (the \"REIT\").\nAs previously announced, a special meeting of shareholders of the Company (\"Shareholders\") will be held at 10:00 a.m. (Toronto time) on December 10, 2019, at the offices of Torys LLP, 79 Wellington Street West, 33rd Floor, TD South Tower, Toronto, Ontario, M5K 1N2, to consider and approve the Arrangement. On or before November 1, 2019, the Company will mail meeting materials (\"Meeting Materials\") to Shareholders of record as at the close of business on October 25, 2019 (including holders of instalment receipts), which will include a management information circular, a form of proxy (or voting instruction form) and a letter of transmittal and election form. The management information circular and certain related Meeting Materials will also be available under the Company's issuer profile on SEDAR and on the Company's website. \nSubject to the terms of the Arrangement, in exchange for each common share of the Company held, Shareholders will receive one unit of the REIT (each, a \"REIT Unit\"), unless the Shareholder is a qualifying Shareholder and elects to receive an exchangeable Class B limited partnership unit (each, an \"Exchangeable Unit\") of a limited partnership controlled by the REIT. The Exchangeable Units are intended to be economically equivalent to and exchangeable for REIT ...

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