First Capital REIT Announces Reinstatement and Doubling of Distributions to Unitholders | NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES | TORONTO , Sept. 15, 2022 |CNW| - First Capital REIT ("First Capital" or the "REIT") (TSX: FCR ) announced today that its Board of Trustees has approved the reinstatement of the REIT''s regular distribution of $0.072 per unit, which equates to an annualized rate of approximately $0.86 per unit. First Capital will make a cash distribution of $0.072 per unit for the month of September, which is double the previous month''s distribution. First Capital temporarily reduced its distribution in January 2021 to mitigate the risks associated with the ongoing COVID-19 pandemic at the time. Through the benefit of significant retained capital, the reduced distribution rate provided First Capital with additional financial flexibility through this period. The REIT''s high-quality portfolio of well located, grocery anchored properties has continued to deliver stability and generate demand. Accordingly, First Capital''s Board of Trustees has authorized the reinstatement of the monthly distribution to the level in place prior to the pandemic.