The notice provides that FCPT may, during the 12 month period commencing
As of
FCPT believes that its trust units may from time to time trade in a price range that does not adequately reflect the value of such units in relation to the business of FCPT and its future business prospects. As a result, depending upon future price movements and other factors, FCPT believes that the outstanding trust units may represent an attractive investment to FCPT. Furthermore, purchases of trust units are expected to benefit all persons who continue to hold trust units by increasing their equity interest in FCPT.
Pursuant to a previous notice of intention to conduct a NCIB, FCPT sought and received approval from the TSX to purchase up to 3,324,528 trust units through open market purchases on the TSX and alternative Canadian trading systems for the period of
ABOUT
FORWARD LOOKING INFORMATION
This press release contains contain forward-looking statements within the meaning of applicable securities laws including, among others, statements relating to future purchases of trust units under the NCIB. In some cases, forward-looking statements can be identified by the use of words such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the Trust. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the Trust believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. These statements are not guarantees and are based on our estimates and assumptions that are subject to risks and uncertainties. These risks include, but are not limited to, risks associated with the Trust's financial condition and prospects; the stability of general economic and market conditions; interest rates; the underlying value of the Trust and its trust units; the ability of the Trust to complete purchases under the NCIB; the availability of cash for repurchases of outstanding trust units under the NCIB; the existence of alternative uses for the Trust’s cash resources which may be superior to effecting repurchases under the NCIB; compliance by third parties with their contractual obligations; compliance with applicable laws and regulations pertaining to the NCIB; and other risks related to the Trust’s business, including those described in the Trust’s Annual Information Form for the year ended
For further information, please contact:
President & Chief Executive Officer | Chief Financial Officer |
(416) 635-0221 | (416) 635-0221 |
For Investor Relations information, please contact:
Director, Investor Relations
(416) 635-0221
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