First Capital REIT Acknowledges Receipt of Unitholder Meeting Requisition

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[{"type":"text","content":"\n \n \n \n First Capital REIT Acknowledges Receipt of Unitholder Meeting Requisition\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 Dec. 13, 2022\n \n \n /CNW/ - First Capital REIT (\"First Capital\" or the \"REIT\") (TSX: FCR.UN) announced today that its board of trustees (the \"Board\") received a unitholder requisition on\n \n December 12, 2022\n \n requesting that First Capital call a special meeting of First Capital's unitholders for the purpose of electing four new trustees.\n \n \n The unitholders making the requisition, Sandpiper and Artis REIT, have advised First Capital that they are the holders of not less than five percent (5%) of the votes attaching to all of First Capital's outstanding units.\n \n \n The Board is reviewing and considering the requisition with its professional advisors and will respond appropriately in due course. In the meantime, there is no need for First Capital's unitholders to take any action.\n \n \n \n Advisors\n \n \n \n Kingsdale Advisors is acting as strategic shareholder advisor to First Capital. Gagnier Communications is acting as communications advisor to First Capital. Stikeman Elliott LLP is acting as legal counsel to the Board of Trustees. RBC Capital Markets is acting as financial advisor to First Capital.\n \n \n \n About First Capital REIT (TSX: FCR.UN)\n \n \n \n First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in\n \n Canada\n \n .\n \n \n FORWARD-LOOKING STATEMENT ADVISORY\n \n \n This press release contains forward-looking statements and information within the meaning of applicable securities law. These forward-looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include, among others, general economic conditions; tenant financial difficulties, defaults ...

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