Tempus Capital Announces Strategic Investment

About this update from Tempus Capital, Inc.

[{"type":"text","content":"Tempus Capital Announces Strategic Investment Burlington, Ontario--(Newsfile Corp. - December 4, 2023) - Tempus Capital Inc. (CSE: TEMP) (\"Tempus\" or the \"Company\") is pleased to announce it has invested in a multi family investment property located in Oshawa, Ontario. Tempus has acquired 240,000 Class A common shares of the corporate entity which owns the multi-family property, for $240,000. The investment represents an ownership interest of approximately 20% of the entity. The Class A common shares contain a provision whereby the holders of the Class A common shares receive a 10% return on invested capital and a return of invested capital in priority to any other class of shares. \"We are very pleased that Tempus Capital is investing in this multi-family sector,\" said Russell Tanz, Tempus President and CEO. \"The Company will have a 10% preferred return on its investment with the potential of increasing its return on its investment from any excess net income and cash flow.\"About TempusTempus is a real estate operating company engaged in the acquisition, development, and ownership of income-producing properties in Canada, focusing on strip mall shopping centres, storefront retail, and mixed residential and commercial properties. Tempus is a reporting issuer in British Columbia, Ontario and Alberta. On behalf of the board of directorsTempus Capital Inc.\"Russell Tanz\"President and CEO1-416-446-7898To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189733","length":1914,"tagName":"div"}]

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