Brief: First Capital REIT Announces Temporary Reduction In Distributions To Unitholders To Advance Real Estate Strategy While Strengthening Its Financial Position

First Capital Real Estate Investment Trust

12/01/2021 22:02

Jan 12 (Reuters) - First Capital Real Estate Investment
Trust  FCR_u.TO :
    * FIRST CAPITAL REIT ANNOUNCES TEMPORARY REDUCTION IN
DISTRIBUTIONS TO UNITHOLDERS TO ADVANCE REAL ESTATE STRATEGY
WHILE STRENGTHENING ITS FINANCIAL POSITION
    * FIRST CAPITAL REAL ESTATE INVESTMENT TRUST - TEMPORARY
REDUCTION
OF ITS MONTHLY DISTRIBUTION TO UNITHOLDERS FROM $0.0716 PER UNIT
TO $0.036 PER UNIT
    * FIRST CAPITAL REAL ESTATE INVESTMENT TRUST - BOARD
BELIEVES
REDUCTION WILL BE IN PLACE FOR A PERIOD SPANNING APPROXIMATELY
TWO-YEARS

Source text for Eikon:  ID:nCNWJcTvra 
Further company coverage:  FCR_u.TO 

 ((Reuters.Briefs@thomsonreuters.com;))