First Capital Realty Receives Shareholder Approval for REIT Conversion

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[{"type":"text","content":"\n\n\n\nFirst Capital Realty Receives Shareholder Approval for REIT Conversion\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. 10, 2019\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/\n TORONTO, Dec. 10, 2019 /CNW/ - First Capital Realty Inc. (\"FCR\" or the \"Company\") (TSX: FCR), one of Canada's leading developers, owners and operators of mixed-use urban real estate in Canada's most densely populated centres, announced today that the previously announced conversion of the Company into a real estate investment trust named First Capital Real Estate Investment Trust (the \"REIT\") received overwhelming approval of over 98% of the votes eligible to be cast at the special meeting of the Company's shareholders held earlier today (the \"Meeting\"). The total number of common shares represented by shareholders, including holders of common shares represented by instalment receipts, present in person or by proxy at the Meeting was 174,668,879, representing over 79% of the Company's issued and outstanding common shares. A final report on voting results in respect of the Meeting will be filed by the Company on SEDAR at www.sedar.com.\nAs previously announced, the conversion will be effected by way of a plan of arrangement under the Business Corporations Act (Ontario) (the \"Arrangement\") and will be subject to court approval (the \"Final Order\") which is expected to occur at 10:00 a.m. (Toronto time) on December 16, 2019. Any shareholder and any other interested party who wishes to participate or present evidence or arguments at the hearing in respect of the Final Order should refer to the management information circular of the Company dated October 25, 2019 and the interim order attached thereto as Appendix E for further details. \nThe Arrangement is expected to be completed on December 30, 2019, subject to receipt of the Final Order.\nAbout First Capital Realty (TSX: FCR)\nThe Company is one of Canada's leading developers, owners and operators of mixed-use urban real ...

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