Core Viewpoint - Firm Capital Apartment Real Estate Investment Trust is undergoing a strategic review to dispose of its remaining wholly owned assets and evaluate future uses for the Trust [1][2] Financial Performance - For the three months ended December 31, 2024, the Trust reported a net loss of $126,074 compared to a net income of $807,897 for the previous quarter and a net loss of $469,539 for the same period in 2023 [4] - The net income before fair value adjustments for the same period was $140,008, showing a slight decrease from $142,916 in the previous quarter and a loss of $339,306 in the same period last year [4] - Funds from Operations (FFO) for the three months ended December 31, 2024, was $202,009, down from $252,334 in the previous quarter and a loss of $869,210 in the same period last year [4] - Adjusted Funds from Operations (AFFO) for the three months ended December 31, 2024, was $156,015, consistent with the previous quarter and an improvement from a loss of $317,857 in the same period last year [4] Strategic Review Progress - The Trust has successfully disposed of four of its six wholly owned assets for gross proceeds of approximately $71.6 million, with net sale proceeds of about $28 million used for debt repayment [5] - The Trust has repaid $60.7 million in debt, including $13.7 million in convertible debentures and $5.1 million in a bridge loan [5] - The Trust has two remaining wholly owned assets in Houston, Texas, which are actively being marketed [7] Joint Venture and Investment Updates - The Trust completed the sale of a joint venture property in Maryland for $15.9 million, resulting in net proceeds of approximately $4.1 million, of which the Trust received about $1.1 million due to its 25% ownership [7] - A joint venture investment in Hartford, Connecticut, refinanced its mortgage, generating net proceeds of $2.2 million, which allowed for a repayment of $1.7 million owed to the Trust [8] - The Trust holds three preferred capital investments with a gross principal balance of approximately $9.5 million, earning interest rates of 10%, 12%, and 9% across different portfolios [8] Net Asset Value - The Trust reported a Net Asset Value (NAV) of $6.57 per Trust Unit (CAD $9.36), which includes disposition costs of assets held for sale [2]

Core Viewpoint - Montauk Metals Inc. is facing significant financial difficulties, including the resignation of its CFO, inability to file required financial statements, and potential insolvency proceedings [1][2][3]. Group 1: Management Changes - Mr. Robert Suttie has resigned as Chief Financial Officer of Montauk Metals Inc., effective immediately, with the Board expressing gratitude for his service [1]. Group 2: Financial Reporting and Compliance - The Company will not be able to file its audited annual financial statements and related documents by the April 30, 2025 deadline, leading to an expected default notice and potential trading halt on the TSX Venture Exchange [2]. - Montauk's current financial position indicates insufficient resources to continue operations or meet obligations, prompting a strategic review of alternatives [3]. Group 3: Strategic Review and Future Outlook - The Board has initiated a strategic review that may include options such as orderly dissolution, restructuring, or bankruptcy proceedings, with no assurance of a successful outcome [3][4]. - Pending the strategic review, Montauk does not expect to resume active operations and warns that common shareholders may receive little or no value in any liquidation or restructuring event [4]. Group 4: Debt Negotiations - The Company is negotiating with creditors for debt settlement, which may involve shares for debt, subject to approval from the TSX Venture Exchange [6].

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