First Capital Enters into Cooperation Agreement with Vision Capital and Ewing Morris

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[{"type":"text","content":"\n \n \n \n First Capital Enters into Cooperation Agreement with Vision Capital and Ewing Morris\n \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 Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 23, 2023\n \n \n /CNW/ - First Capital REIT (\"\n \n First Capital\n \n \" or the \"\n \n REIT\n \n \") (TSX: FCR.UN) today announced a support and cooperation agreement (the \"\n \n Agreement\n \n \") between First Capital and each of Vision Capital Corporation (\"\n \n Vision\n \n \") and\n \n Ewing Morris\n \n & Co. Investment Partners Ltd. (\"\n \n \n Ewing Morris\n \n \n \") that will result in the immediate increase of the size of the board of trustees (the \"\n \n Board\n \n \") of the REIT to ten trustees and the appointment of Mr.\n \n Richard Nesbitt\n \n to the Board.\n \n \n \"First Capital is pleased to have entered into a support and cooperation agreement with each of Vision and\n \n Ewing Morris\n \n that the Board believes is in the best interests of all unitholders,\" said\n \n Paul C. Douglas\n \n , Chair of the Board. \"We are particularly pleased to welcome\n \n Richard Nesbitt\n \n to our Board, who brings more than 30 years of experience in capital markets, corporate governance, mergers and acquisitions and financial services senior management and operations.\"\n \n \n \"Along with the recent appointment of Mr.\n \n Ira Gluskin\n \n , and the substantial refreshment that has taken place over the past several years, First Capital's Board is well positioned with an excellent mix of skills, experience, and fresh perspective,\" continued Mr. Douglas.\n \n \n \"We are pleased with the appointment of\n \n Richard Nesbitt\n \n , and plan to support the refreshed Board at the upcoming meeting of unitholders of First Capital,\" said\n \n Jeff Olin\n \n , the President & CEO and Portfolio Manager of Vision. \"The breadth of changes to the Board composition and Chair announced in recent weeks are indeed a refreshment and make us confident that this Board has the right skills, commitment and focus to maximize unitholder value.\"\n \n...

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