First Capital Real Estate Investment Trust (FCR.UN) EGM 2026 summary

Opening remarks and agenda

• CEO welcomed unitholders and outlined the meeting's purpose: to vote on a transaction amounting to the sale of the company at a compelling valuation.

• Chair of the board explained the hybrid meeting format and voting procedures, including in-person and online participation.

Specific resolutions to be voted on

• The sole item of business was a special resolution to approve a proposed plan of arrangement under Canadian law, involving multiple entities.

• The arrangement required approval by at least 2/3 of votes cast and a simple majority excluding certain related parties.

Board and executive committee updates

• CEO highlighted the executive team's leadership and execution of the three-year strategic plan, noting their performance exceeded expectations during the transaction process.

• Board members were recognized for their judgment and integrity during challenging years.