First Capital Realty announces reduction in Gazit's ownership to ~9.9% via $742 mm share repurchase by FCR and $453 mm bought deal secondary offering by Gazit

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[{"type":"text","content":"\n\n\n\nFirst Capital Realty announces reduction in Gazit's ownership to ~9.9% via $742 mm share repurchase by FCR and $453 mm bought deal secondary offering by Gazit\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 28, 2019\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/\nFCR to purchase for cancellation 36 million FCR shares from Gazit Gazit to sell 22 million FCR shares through bought deal secondary offering of FCR shares represented by instalment receipts Transactions bring clarity to FCR ownership structure Delivers immediate NAV and FFO accretion to FCR TORONTO, Feb. 28, 2019 /CNW/ - First Capital Realty Inc. ( \"FCR\" or the \"Company\") (TSX: FCR), one of the largest owners, developers and operators of necessity-based real estate located in Canada's most densely populated urban centres, announced today that the following transactions have been entered into, upon completion of which, Gazit-Globe Ltd.'s (together with its affiliates, \"Gazit\") ownership of FCR (on a non-diluted basis) would be reduced from 31.3% to approximately 9.9% (collectively, the \"Transactions\"):\ni.\nShare Repurchase Transaction: FCR has agreed to purchase for cancellation 36 million of its common shares from Gazit for a price of $...

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