Firm Capital Property Trust

Canaccord Genuity Acts as Co-Lead Underwriter to Firm Capital Property Trust on its C$23 Million Bought Deal Financing

Canaccord Genuity is pleased to announce that on May 25, 2022, it completed a bought deal financing of Trust Units, raising a total of C$23 million for Firm Capital Property Trust (the “Trust”). The Trust will use the net proceeds from the offering to repay indebtedness and for working capital and general trust purposes.

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders, The Trust’s plan is to co-own a diversified property portfolio of multi-residential, flex industrial, net lease convenience retail, and core service provider professional space. In addition to stand alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the Trust sources, syndicates and property and asset manages investments on behalf of the Trust.

The Canaccord Genuity team included Dan Sheremeto, Balraj Parhar and Andrew Harrison from Investment Banking, and Ron Sedran, Gord Chan, and Trina Wang from Equity Capital Markets.