Mr. Robert McKee reports

FIRM CAPITAL PROPERTY TRUST FILES (FINAL) BASE SHELF PROSPECTUS

Firm Capital Property Trust has filed a (final) short form base shelf prospectus dated June 9, 2026, with the securities regulatory authorities in all provinces and territories of Canada, and has obtained a receipt for the final base shelf prospectus. The final base shelf prospectus allows Firm Capital Property to offer and issue, and certain current or future securityholders to offer and sell, from time to time, up to $250-million in aggregate (or the equivalent thereof in any other currency or currencies) of trust units, debt securities, subscription receipts, warrants or units, or any combination of such securities, over a 25-month period. The final base shelf prospectus may also qualify an at-the-market distribution of trust units. When securities covered by the final base shelf prospectus are offered for sale, a prospectus supplement containing terms of these securities will be filed.

About Firm Capital Property Trust

Firm Capital Property is focused on creating long-term value for unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders, the trust has a plan to own as well as to co-own a diversified property portfolio of multiresidential, flex industrial and net lease convenience retail. In addition to stand-alone accretive acquisitions, the trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the trust, sources, syndicates, and property and asset manages investments on behalf of the trust.

We seek Safe Harbor.