First Capital REIT Announces Renewal of Normal Course Issuer Bid

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[{"type":"text","content":"\n\n\n\n First Capital REIT Announces Renewal of Normal Course Issuer Bid\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 /NOT FOR DISTRIBUTION IN\n \n THE UNITED STATES\n \n OR OVER\n \n UNITED STATES\n \n WIRE SERVICES/\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n May 16, 2025\n \n\n /CNW/ - First Capital Real Estate Investment Trust (\"First Capital\" or the \"REIT\") (TSX: FCR.UN) announced today that it has received approval from the Toronto Stock Exchange (\"TSX\") to renew its normal course issuer bid (\"NCIB\") which will enable it to purchase for cancellation up to  21,120,181 of its outstanding Trust Units (\"Units\"), representing 10% of the REIT's public float (being 211,201,814 Units as at the close of business on\n \n May 7, 2025\n \n ). As at the close of business on\n \n May 7, 2025\n \n , the REIT had 212,420,872 issued and outstanding Units.\n \n\n\n\n\n\n\n\n\n Purchases under the renewed NCIB may commence on\n \n May 21, 2025\n \n and continue until\n \n May 20, 2026\n \n , when the renewed NCIB will expire, or such earlier date as First Capital completes its purchases pursuant to the renewed NCIB. Purchases will be made on the open market through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by the applicable securities regulator.\n \n\n In accordance with TSX rules, any daily repurchases (other than pursuant to a block purchase exception) will be limited to a maximum of 98,796 Units, which represents 25% of the average daily trading volume of the Units on the TSX for the six months ended\n \n April 30, 2025\n \n (being 395,184 Units). Any Units that are repurchased will be cancelled.\n \n\n Under its current NCIB, which expires on\n \n May 20, 2025\n \n , First Capital is authorized to acquire a total of 21,113,939 Units of which, as at the close of business on\n \n May 7, 2025\n \n , no Units have been purchased by First Capital. Cumulatively, from\n \n May 2022\n \n , when First Capi...

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