Core Points - Income Financial Trust has renewed its at-the-market equity program allowing the issuance of trust units until October 29, 2027 [1][2] - The maximum gross proceeds from the issuance of the units under the program will be $20,000,000 [2] - The proceeds from the ATM program will be used in accordance with the Trust's investment objectives and strategies, focusing on North American financial services companies [3] Summary by Sections ATM Program Details - The ATM program allows the Trust to issue units at the prevailing market price through the Toronto Stock Exchange or other Canadian marketplaces [1][2] - The program is governed by an equity distribution agreement with National Bank Financial Inc. as the agent [1] Financial Proceeds - The maximum gross proceeds from the issuance of units is set at $20,000,000 [2] - The proceeds will be utilized in line with the Trust's investment strategies and restrictions [3] Investment Focus - The Trust invests in a portfolio of North American financial services companies, including leading Canadian and U.S. banks, life insurance, and investment firms [3]

Core Viewpoint - Firm Capital Property Trust ("FCPT") has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 3,266,775 trust units, representing 10% of the public float, over a 12-month period starting August 5, 2025 [1][2][4]. Summary by Sections NCIB Details - The NCIB will allow FCPT to purchase trust units through the TSX and alternative Canadian Trading Systems, with the total number of units to be repurchased capped at 3,266,775 [2]. - The purchases will be made at market price, with a daily limit of 6,216 trust units, excluding block purchases [2]. - All repurchased units will be cancelled [2]. Trust Units Information - As of July 28, 2025, FCPT had 36,925,682 outstanding trust units, with a public float of 32,667,751 trust units [3]. - The average daily trading volume on the TSX from January 1, 2025, to June 30, 2025, was 24,867 trust units [2]. Investment Rationale - FCPT believes that its trust units may trade below their intrinsic value, making them an attractive investment opportunity [4]. - The repurchase of trust units is expected to enhance the equity interest of remaining unitholders [4]. Previous NCIB - In a prior NCIB, FCPT received approval to purchase up to 3,281,995 trust units from July 18, 2024, to July 17, 2025, but did not execute any repurchases [5]. Company Overview - Firm Capital Property Trust focuses on long-term value creation for unitholders through capital preservation and disciplined investing, aiming to build a diversified property portfolio [6]. - The Trust engages in both standalone and joint acquisitions, partnering with strong financial entities to manage investments effectively [6].