Firm Capital American Realty Partners Trust Announces Information Regarding Annual and Special Meeting of Unitholders
August 04 2020 - 4:15PM
Firm Capital American Realty Partners Trust (the
“
Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) is
providing the following update regarding its upcoming annual and
special meeting of unitholders (the “
Meeting”) to
be held on August 10, 2020 at 11:00 am.
Given the current circumstances surrounding
COVID-19, the location of the Meeting will be the Trust’s head
office, located at 163 Cartwright Avenue, Toronto, Ontario, Canada
M6A 1V5. The Trust will be strictly restricting physical access to
the Meeting to registered unitholders and formally appointed
proxyholders and will not be permitting any others (including
beneficial unitholders that hold their trust units through a broker
or other intermediary) to attend. The Trust intends to resume
holding in-person meetings in subsequent years.
The Trust strongly encourages registered
unitholders and proxyholders not to attend the Meeting in-person,
and unitholders are encouraged to vote using one of the methods
described in the management information circular previously mailed
to unitholders. The deadline for unitholders to vote by proxy in
advance of the Meeting is Thursday August 6 at 11:00 am (Toronto
time). Registered unitholders and proxyholders who nonetheless wish
to attend in person may be subject to health screening procedures
at the entrance and will be asked to socially distance themselves
from others at the Meeting.
Unitholders and any other interested persons who
are unable or not permitted to attend the Meeting in person have
the opportunity to listen to the Meeting live through an audio
conference call. Registration to participate in the live call
should be completed by following the link provided on the Trust’s
website at www.firmcapital.com and, once registered, call-in
details will be provided.
ABOUT FIRM CAPITAL AMERICAN REALTY
PARTNERS TRUSTFirm Capital American Realty Partners Trust
is a U.S. focused real estate investment trust that pursues income
producing real estate and mortgage debt investments through the
following platforms:
Income Producing Real Estate
Investments:
- Core Markets Wholly Owned
Investments: The Trust is focused on growing its wholly
owned multi-residential property portfolio in large core markets
with attention to cities located in Texas, Florida, New Jersey,
North and South Carolina, Colorado, Georgia and New York.
- Core and Non-Core Markets:
Joint Venture Investments: The Trust will also purchase in
both core and non-core markets where it lacks knowledge or
experience, partial ownership interests in multi-residential
properties with industry leaders as partners. These partners bring
both expertise in operations and knowledge, especially in non-core
markets. The Trust strives to have a minimum 50% ownership interest
and will fund the equity in a combined preferred/common equity
investment structure. The preferred equity provides a fixed rate of
return for investors in the Trust, resulting in a secured structure
ahead of the partners ownership interest, while the common equity
provides investors an upside return for investors as the investment
meets its targeted objectives.The Trust currently has ownership
interests in a total of 2,073 apartment units diversely located in
Florida, Connecticut, Texas, New York, New Jersey, Georgia and
Maryland.
Mortgage Debt Investments:The
Trust, using Firm Capital’s 30-year plus experience as a leader in
the mortgage lending industry, provides bridge lending of mortgage
and preferred capital secured by residential/multi-residential
properties.
FORWARD LOOKING
INFORMATIONCertain information in this news release
constitutes forward-looking statements under applicable securities
law. Any statements that are contained in this news release that
are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often
identified by terms such as “may”, “should”, “anticipate”,
“expect”, “intend” and similar expressions. Forward-looking
statements necessarily involve known and unknown risks, including,
without limitation, risks associated with general economic
conditions; adverse factors affecting the U.S. real estate market
generally or those specific markets in which the Trust holds
properties; volatility of real estate prices; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms;
industry and government regulation; changes in legislation, income
tax and regulatory matters; the ability of the Trust to implement
its business strategies; competition; currency and interest rate
fluctuations and other risks, including those described in the
Trust’s public disclosure documents on SEDAR at www.sedar.com.
Readers are cautioned that the foregoing list is
not exhaustive. Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Additional information about the Trust is available at
www.firmcapital.com or www.sedar.com.
For further information, please contact: |
|
|
Eli Dadouch |
Sandy Poklar |
President & Chief Executive Officer |
Chief Financial Officer |
(416) 635-0221 |
(416) 635-0221 |
|
|
For Investor Relations information, please
contact: |
|
|
Victoria Moayedi |
|
Director, Investor Relations |
|
(416) 635-0221 |
|
Firm Capital Apartment R... (TSXV:FCA.UN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Firm Capital Apartment R... (TSXV:FCA.UN)
Historical Stock Chart
From Jul 2023 to Jul 2024