First Capital REIT Receives Unitholder Approval for Previously Announced Plan of Arrangement

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[{"type":"text","content":"\n\n\nFirst Capital REIT Receives Unitholder Approval for Previously Announced Plan of Arrangement\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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/\nTORONTO, Nov. 24, 2025 /CNW/ - First Capital Real Estate Investment Trust (\"First Capital\" or the \"REIT\") (TSX: FCR.UN) announced today that its previously announced internal reorganization by way of plan of arrangement (the \"Arrangement\") received approval of approximately 99.58% of the votes eligible to be cast at the special meeting of the REIT's unitholders held earlier today (the \"Meeting\"). The total number of trust units (\"Trust Units\") represented by unitholders present in person or by proxy at the Meeting was 172,575,765, representing over 81.23% of the REIT's issued and outstanding Trust Units. A final report on voting results in respect of the Meeting will be filed by the REIT under the REIT's issuer profile on SEDAR+ at www.sedarplus.ca.\n\n\n\n\n\n\n\nAs previously announced, the internal reorganization will be effected by way of the Arrangement under the Business Corporations Act (Ontario) and the Trustee Act (Ontario) and will be subject to court approval (the \"Final Order\") at a hearing which is expected to occur at 10:00 a.m. (Toronto time) on November 27, 2025. Any unitholder 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 REIT dated October 24, 2025 and the interim order dated October 27, 2025, each filed by the REIT under the REIT's issuer profile on SEDAR+ at www.sedarplus.ca.\nThe Arrangement is expected to become effective on November 30, 2025, subject to receipt of the Final Order.\nAbout First Capital REIT (TSX: FCR.UN)\nFirst Capital owns and operates, acquires and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.\nForward-looking Statement Adv...

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