Mr. Robert McKee reports

FIRM CAPITAL PROPERTY TRUST ANNOUNCES COMPLETION OF COMPETITION BUREAU OF CANADA INQUIRY REGARDING ACQUISITION OF 50% INTERESTS IN TEN MANUFACTURED HOME COMMUNITIES FOR $218 MILLION

Firm Capital Property Trust (FCPT) has cleared the Competition Bureau of Canada inquiry into its previously announced acquisition on April 8, 2026, of a 10-property, 1,649-site manufactured housing community portfolio (MHC) located in Alberta and Saskatchewan (along with certain park-owned homes and chattel mortgages) for a purchase price of $218-million, excluding transaction costs. The trust is purchasing the portfolio through its existing joint venture arrangement with SunPark Communities, LP, such that the trust will own 50 per cent of the portfolio and SunPark will own the remaining 50 per cent.

Closing of the acquisition of the portfolio is now anticipated during the third quarter of 2026.

About Firm Capital Property Trust

Firm Capital 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's plan is to own, as well as co-own, a diversified property portfolio of multiresidential, flex industrial and net lease convenience retail properties.

We seek Safe Harbor.