Firm Capital Property Trust Announces Positive Amendments to Distribution Reinvestment Plan Including Discount on Units Issued From Treasury

Core Viewpoint - Firm Capital Property Trust has announced positive amendments to its Distribution Reinvestment Plan (DRIP), including a discount on Trust Units issued from treasury, aimed at enhancing value for Unitholders [1][2]. Group 1: Distribution Reinvestment Plan (DRIP) Amendments - The floor price for Trust Units issued from treasury will be lowered from $8.00 to $7.40 per Trust Unit effective from the July 2025 distribution [2]. - If the Average Market Price exceeds $7.40, Trust Units will be issued at the Average Market Price minus a 3% discount [2]. Group 2: Distribution Yield - The Trust is currently distributing $0.04333 per Trust Unit, which translates to approximately $0.52 annually, equating to an 8.6% distribution yield [3]. - Approximately 65% of the Trust's distributions for 2025 are expected to be Return of Capital, resulting in an effective pre-tax distribution yield of 11.9% [3]. Group 3: Trust's Investment Strategy - Firm Capital Property Trust focuses on creating long-term value through capital preservation and disciplined investing to achieve stable distributable income [5]. - The Trust aims to own and co-own a diversified property portfolio, including multi-residential, flex industrial, and net lease convenience retail properties [5]. - The Trust will pursue both standalone accretive acquisitions and joint acquisitions with strong financial partners [5].