Firm Capital Property Trust closes overnight marketed equity offering and private placement

February 1, 2018

On February 1, 2018, Firm Capital Property Trust (TSXV: FCD.UN) announced that it has completed its overnight marketed public offering of 2,100,000 trust units for gross proceeds to the Trust of $13,125,000. The offering was completed at a price of $6.25 per offered unit by a syndicate of underwriters led by TD Securities Inc., and which included CIBC Capital Markets, Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Industrial Alliance Securities Inc.

Concurrent with the offering, the Trust closed the second and final tranche of its previously announced non-brokered private placement having issued a total of 878,000 trust units for gross proceeds of $5,487,500.

Miller Thomson advised Firm Capital Property Trust with respect to both the offering and the private placement with a team led by Lawrence Wilder and that included Jonathan Tong, Gary Volman and Victoria de Luna, assisted by student-at-law Abid Ahmed.