Firm Capital Apartment REIT Announces Redemption of Convertible Debentures

TORONTO, May 28, 2024 (GLOBE NEWSWIRE) -- Firm Capital Apartment Real Estate Investment Trust (the “Trust”) (TSXV: FCA.U), (TSXV FCA.UN), (TSXV: FCA.DB) is pleased to announce that TSX Trust Company, in accordance with the trust indenture, will be providing notice to redeem all of its outstanding C$18,785,000 (US$13.8 million) aggregate principal amount of 6.25% convertible unsecured subordinated debentures due June 30, 2026 (the “Convertible Debentures”) on July 2, 2024 (the “Redemption Date”). The Convertible Debentures, which have a maturity date of June 30, 2026, will be redeemed by the Trust early in accordance with the terms of the trust indenture. The Convertible Debentures, which are listed and posted for trading on the TSX Venture Exchange under the symbol FCA.DB, will cease trading on the Redemption Date.

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