FIRST CAPITAL REIT REMINDS UNITHOLDERS TO VOTE IN FAVOUR OF THE PROPOSED ARRANGEMENT AND AMENDS DECLARATION OF TRUST

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[{"type":"text","content":"\n\n\nFIRST CAPITAL REIT REMINDS UNITHOLDERS TO VOTE IN FAVOUR OF THE PROPOSED ARRANGEMENT AND AMENDS DECLARATION OF TRUST\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. 6, 2025 /CNW/ - First Capital Real Estate Investment Trust (\"First Capital\" or the \"REIT\") (TSX: FCR.UN) reminds unitholders to vote for the previously announced proposed plan of arrangement (the \"Arrangement\") to simplify First Capital's organizational structure by eliminating First Capital Realty Inc. as the REIT's wholly-owned subsidiary that owns, directly and indirectly, all of First Capital's real property portfolio. Following the arrangement, First Capital will hold substantially all of its real property portfolio through subsidiary partnerships and trusts. The Arrangement is expected to simplify First Capital's operating structure and reduce the significant complexity of accounting and legal reporting as well as income tax compliance inherent in the existing structure. First Capital's board of trustees (the \"Board\") has unanimously approved the Arrangement and encourages its unitholders to vote in favour of the Arrangement at the special meeting of unitholders to be held at 10:00 a.m. (Toronto time) on November 24, 2025 (the \"Meeting\").\n\n\n\n\n\n\n\nThe factors the Board considered in making its determination and recommendation include: the expected reduction in the significant complexity and cost of accounting and legal reporting as well as income tax compliance inherent in First Capital's existing structure, and the fact that the Arrangement will not affect First Capital's business strategy. The REIT has received an advance income tax ruling of the Canada Revenue Agency in connection with the Arrangement. The REIT has received an interim order of the Ontario Superior Court of Justice (Commercial List) authorizing various matters in connection with the Arrangement. If approved by First Capital's unitholders at the Meeting, the Arrangement...

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