/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
TORONTO, May 16, 2024 /CNW/ - First Capital Real Estate Investment Trust ("First Capital" or the "REIT") (TSX: FCR.UN) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to renew its normal course issuer bid ("NCIB") which will enable it to purchase for cancellation up to 21,113,939 of its outstanding Trust Units ("Units"), representing 10% of the REIT's public float (being 211,139,390 Units as at the close of business on May 7, 2024). As at the close of business on May 7, 2024, the REIT had 212,241,819 issued and outstanding Units.
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