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Firm Capital Property Trust C$13.125 million offering

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On February 1, 2018, Firm Capital Property Trust (“Firm Capital”) completed an overnight marketed public offering (the “Offering”) of 2,100,000 trust units of Firm Capital at $6.25 per unit, for gross proceeds to Firm Capital of $13,125,000.
Firm Capital plans on using the net proceeds of the Offering to repay amounts drawn on its credit facility, fund potential future property acquisitions  and for general trust purposes.
The Offering was made by way of a prospectus supplement dated January 24, 2018 which relates to Firm Capital’s base shelf prospectus dated December 15, 2017 and was conducted by a syndicate of underwriters led by TD Securities Inc. (“TDSI”) and including CIBC World Markets Inc., Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Industrial Alliance Securities Inc. (collectively, the “Underwriters”).
Fasken advised TDSI and the other Underwriters with a team that included John Sabetti, Alex Nikolic, Laura Konkel (corporate/securities) and Scott Ma (real estate), with assistance from Sophie MacRae (student-at-law) and Zach Austin (student-at-law).