Firm Capital Property Trust Announces Exercise of Over-Allotment Option

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TORONTO, May 31, 2022 (GLOBE NEWSWIRE) -- Firm Capital Property Trust (“FCPT” or the “Trust”), (TSX: FCD.UN) is pleased to announce that the syndicate of underwriters led by Canaccord Genuity Corp. and TD Securities Inc. as lead underwriters, and including, iA Private Wealth Inc., Raymond James Ltd., National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Laurentian Bank Securities Inc. (collectively, the "Underwriters") have fully exercised their over-allotment option (the "Over-Allotment Option") to acquire an additional 423,000 trust units of the Trust ("Trust Units") at a price of $7.10 per Trust Units for additional gross proceeds of $3,003,300.