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First Capital Announces ‘Temporary’ Distribution Cut for Two Years

Toronto-Based Retail Landlord Cites Pandemic for Move That Will Add $95 Million in Cash Flow Annually
First Capital's head office is located in Toronto. (CoStar)
First Capital's head office is located in Toronto. (CoStar)
CoStar News
January 13, 2021 | 4:47 P.M.

One of Canada's largest retail real estate investment trusts is cutting its distribution in a move to retain cash flow, just the latest example of the punishing retail landscape.

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News | First Capital Announces ‘Temporary’ Distribution Cut for Two Years