Firm Capital Apartment Real Estate Investment Trust Announces Exchange Approval Of Normal Course Issuer Bid For Debentures

TORONTO, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Firm Capital Apartment Real Estate Investment Trust (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) is pleased to announce that it has received approval from the TSX Venture Exchange (the "Exchange") to commence a normal course issuer bid (the "Bid") to purchase up to $1,929,068 principal amount of the CAD$19.4 million, 6.25% convertible unsecured subordinated debentures of the Trust due June 30, 2026 ("Debentures ") (TSXV:FCA.DB), being equal to 10% of the Public Float (as defined in the policies of the Exchange) as at September 11, 2023. Pursuant to the policies of the Exchange, the Bid will commence on September 25, 2023 and will end on the earlier of September 24, 2024, or at such time as the Bid has been completed or the Bid is terminated at the Trust's discretion.

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