U.S. Markets open in 1 hr 52 mins

Firm Capital American Realty Partners Corp. Announces Voting Results at Annual and Special Meeting

TORONTO, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Firm Capital American Realty Partners Corp. (the “Company”), (TSXV : FCA.U / FCA) is pleased to report that at the annual and special meeting (the “Meeting”) of shareholders held earlier today, all director nominees were elected as directors of the Company, as follows:

Nominee Votes
“For”
%
Votes
“For”
Votes
“No”
% Votes
“No”
Votes
“Abstain”
% Votes
“Abstain”
Geoffrey Bledin 3,109,495 99.99% - - 255 0.01%
Eli Dadouch 3,109,461 99.99% - - 289 0.01%
Pat Di Capo 3,109,291 99.99% - - 459 0.01%
Robert Janson 3,109,495 99.99% - - 255 0.01%
Sandy Poklar 3,109,495 99.99% - - 255 0.01%
Keith L. Ray 3,109,291 99.99% - - 459 0.01%
Scott Reid 3,109,325 99.99% - - 425 0.01%
Howard Smuschkowitz 3,109,325 99.99% - - 425 0.01%
Ojus Ajmera 3,109,325 99.99% - - 425 0.01%

In addition, all other items including the re-appointment of auditors and the re-approval of the stock option plan were also approved, the details of which are contained in the Report on Voting Results regarding the Meeting filed by the Company on SEDAR at www.sedar.com.

ABOUT FIRM CAPITAL AMERICAN REALTY PARTNERS CORP.
Firm Capital American Realty Partners Corp. is a U.S. focused real estate investment entity that pursues real estate and debt investments through the following platforms:

  • Income Producing Real Estate Investments: Acquiring income producing real estate assets in major cities across the United States. Acquisitions are completed solely by the Company or in joint-venture partnership with local industry expert partners who retain property management responsibilities; and
     
  • Mortgage Debt Investments: Real estate debt and equity lending platform in major cities across the United States, focused on providing all forms of bridge mortgage loans and joint venture capital.

FORWARD LOOKING INFORMATION
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse factors affecting the U.S. real estate market generally or those specific markets in which the Company holds properties; volatility of real estate prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; currency and interest rate fluctuations and other risks, including those described in the Company’s public disclosure documents on SEDAR at www.sedar.com.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Additional information about the Company is available at www.firmcapital.com or www.sedar.com.

For further information, please contact:

Eli Dadouch                                                              Sandy Poklar
President & Chief Executive Officer                         Chief Financial Officer
(416) 635-0221                                                         (416) 635-0221