Firm Capital Property Trust Files Preliminary Base Shelf Prospectus to Enhance Financial Flexibility

TORONTO, Canada — May 26, 2026 — Firm Capital Property Trust (TSX: FCD.UN) has announced the filing of a preliminary short form base shelf prospectus with securities regulators across Canada. The move is designed to provide the real estate investment trust with greater financial flexibility and access to capital markets as it continues to pursue long-term growth opportunities.

Up to $250 Million in Potential Securities Offerings

The newly filed preliminary base shelf prospectus would allow Firm Capital Property Trust to offer and issue up to $250 million in aggregate value of various securities over a period of 25 months following final regulatory approval.

The securities that may be issued under the prospectus include:

• Trust Units
• Debt Securities
• Subscription Receipts
• Warrants
• Units consisting of combinations of the above securities

This flexible financing structure enables the Trust to access capital efficiently whenever market conditions and strategic opportunities align with its growth objectives.

Strengthening Future Investment Capabilities

According to the company, the shelf prospectus is intended to support future acquisitions, portfolio expansion initiatives, debt management activities, and other corporate purposes. By establishing this financing framework in advance, Firm Capital Property Trust can respond more quickly to investment opportunities without needing to complete a separate prospectus filing each time capital is required.

The filing also permits the possibility of conducting an "at-the-market" (ATM) distribution program, allowing the Trust to issue units directly into the market over time under favorable conditions.

Prospectus Not Yet Finalized

The company emphasized that the preliminary short form base shelf prospectus has not yet become final and does not currently authorize the sale of securities. Before any securities are issued, the Trust must receive regulatory approval for the final prospectus.

When specific securities offerings are planned, Firm Capital Property Trust will file a prospectus supplement containing detailed information regarding pricing, terms, use of proceeds, and other relevant details.

Compliance with U.S. Securities Regulations

The Trust noted that the securities covered by the prospectus have not been registered under the United States Securities Act of 1933 or any applicable U.S. state securities laws.

As a result, the securities may not be offered or sold within the United States unless they qualify for an exemption from registration requirements. The company further clarified that the announcement is being issued strictly for informational purposes and should not be interpreted as an offer to sell or a solicitation to purchase securities in any jurisdiction.

About Firm Capital Property Trust

Firm Capital Property Trust is a Canadian real estate investment trust focused on creating long-term value for its unitholders through disciplined investing, capital preservation, and stable distributable income generation.

The Trust's investment strategy centers on owning and co-owning a diversified portfolio of real estate assets, including:

• Multi-residential properties
• Flex industrial facilities
• Net lease convenience retail properties
• Manufactured home communities

In addition to pursuing standalone acquisitions, the Trust frequently partners with experienced industry participants and financial institutions to complete joint venture transactions and acquire partial ownership interests in real estate assets.

Recent Growth Initiatives

The filing follows a period of active growth for Firm Capital Property Trust. Earlier in 2026, the Trust announced several significant acquisitions involving manufactured home communities in Alberta and Saskatchewan. These transactions were viewed as transformative additions to the Trust's portfolio and aligned with management's strategy of expanding into income-producing residential assets.

The company has also reported continued progress in strengthening its portfolio, improving operating performance, and maintaining stable cash distributions to unitholders.

Market Perspective

Industry analysts generally view shelf prospectus filings as a proactive financial management tool. Such filings do not necessarily indicate an immediate capital raise but instead provide organizations with the ability to access funding when opportunities emerge.

For real estate investment trusts, having financing flexibility can be particularly valuable during periods of market volatility, acquisition activity, or refinancing needs.

With the filing of this preliminary base shelf prospectus, Firm Capital Property Trust appears positioned to maintain strategic flexibility while continuing to pursue growth opportunities across Canada's real estate market.

Source: GlobeNewswire announcement issued by Firm Capital Property Trust on May 26, 2026.

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