Canada's Sandpiper Group asks to overhaul First Capital REIT board

First Capital Real Estate Investment Trust

12/12/2022 14:39

TORONTO, Dec 12 (Reuters) - Canadian private equity firm
Sandpiper Group on Monday announced it had launched a campaign
to overhaul the board at First Capital Real Estate Investment
Trust (REIT)  FCR_u.TO , nominating four new members.
    Sandpiper, which owns 9% of the outstanding units of First
Capital REIT, said it was requisitioning a special meeting of
unitholders no later than March 1.
    First Capital was not available for an immediate comment.
 (Reporting by Maiya Keidan)
 ((Maiya.Keidan@thomsonreuters.com; 44 207 542 1594; Reuters
Messaging: maiya.keidan.thomsonreuters.com@reuters.net))