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Company Capital Condominium REIT Completes Sale of Maryland Joint Undertaking Component for $15.9 Million

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All figures in $USD except differently famous.
TORONTO, Feb. 02, 2024 (GLOBE NEWSWIRE) — Company Capital Condominium Actual Property Funding Agree with (the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is happy to record that it has finished the in the past introduced (November 8, 2023) sale of its three way partnership constituent situated in Maryland for $15.9 million (100% of the constituent). Web of related loan debt and endmost prices, the web sale proceeds had been roughly $4.1 million, of which the Agree with won roughly $1.1 million given its 25% possession within the constituent. The constituent has a gross sales value in sequence with its IFRS worth.

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The web sale proceeds can be impaired for mortgage repayments as they arrive due and for running capital functions.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

Sure knowledge on this information shed constitutes forward-looking statements below acceptable securities regulation. Any statements which might be contained on this information shed that aren’t statements of historic reality is also deemed to be forward-looking statements. Ahead-looking statements are continuously recognized via phrases reminiscent of “may”, “should”, “anticipate”, “expect”, “intend” and matching expressions.

Ahead-looking statements essentially contain recognized and unknown dangers, together with, with out limitation, dangers related to basic financial situations; opposed elements affecting the U.S. actual property marketplace usually or the ones particular markets by which the Agree with holds homes; volatility of actual property costs; incapability to get admission to enough capital from interior and exterior assets, the of entirety of the Strategic Evaluate; and/or incapability to get admission to enough capital on beneficial phrases; business and executive law; adjustments in law, source of revenue tax and regulatory issues; the power of the Agree with to put into effect its trade methods; festival; foreign money and rate of interest fluctuations and alternative dangers. Extra possibility elements that can affect the Agree with or motive latest effects and function to vary from the ahead browsing statements contained herein are poised forth within the Agree with’s Annual Knowledge mode below the heading Chance Components (a brochure of which can also be acquired below the Agree with’s profile on www.sedar.com).

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Readers are cautioned that the foregoing listing isn’t exhaustive. Readers are additional cautioned to not playground undue reliance on forward-looking statements as there can also be disagree commitment that the plans, intentions or expectancies upon which they’re positioned will happen. Such knowledge, even though regarded as cheap via control on the week of preparation, might end up to be wrong and latest effects might vary materially from the ones expected. Ahead-looking statements contained on this information shed are expressly certified via this cautionary commentary. With the exception of as required via acceptable regulation, the Agree with undertakes disagree legal responsibility to publicly replace or revise any forward-looking commentary, whether or not because of fresh knowledge, moment occasions or differently

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For additional knowledge, please touch: 
Sandy PoklarClaudia Alvarenga
President & Eminent Govt OfficerEminent Monetary Officer
(416) 635-0221(416) 635-0221
  
For Investor Members of the family knowledge, please touch: 
Victoria Moayedi 
Director, Investor Members of the family 
(416) 635-0221 


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