First Capital Realty announces commencement of exercise period for common share purchase warrants



    TORONTO, June 1 /CNW/ - First Capital Realty Inc. ("First Capital
Realty") (TSX:FCR) Canada's leading owner, developer and operator of
supermarket-anchored neighbourhood and community shopping centres, located
predominantly in growing metropolitan areas, announced today that it has filed
a prospectus qualifying the issue of up to 295,204 of its common shares to
holders of its remaining outstanding common share purchase warrants
(TSX:FCR.WT) who elect to exercise those warrants during the exercise period
commencing today, and ending August 31, 2007 on and subject to certain terms
and conditions.
    A holder of warrants is entitled to exercise warrants to acquire common
shares at a price of $11.80 per share during the exercise period on and
subject to the terms described below. A holder of warrants who wishes to
exercise warrants to acquire common shares during the exercise period is
required to deliver to Computershare Trust Company of Canada, on or before
August 10, 2007, a completed Notice of Intention indicating such holder's
intention to exercise warrants during the exercise period. A holder of
warrants who has delivered a completed Notice of Intention to Computershare
will be entitled but not obligated to exercise warrants during the exercise
period. Computershare will mail a copy of the form of Notice of Intention to
each registered holder of warrants. Copies of the form of Notice of Intention
are also available upon request from First Capital Realty or on First Capital
Realty's website.
    First Capital Realty will mail a copy of the prospectus to each holder of
warrants who delivers a Notice of Intention to Computershare prior to the
August 10 deadline. A holder of warrants who wishes to exercise warrants
during the exercise period must exercise the warrants on or before August 31,
2007.

    ABOUT First Capital Realty (TSX:FCR)

    First Capital Realty is Canada's leading owner, developer and operator of
supermarket-anchored neighbourhood and community shopping centres, located
predominantly in growing metropolitan areas. The Company currently owns
interests in 163 properties, including 7 under development, with approximately
19.1 million square feet of gross leasable area, and also has 9 land sites in
the planning stage for future retail development. In addition, the Company
owns 13.9 million shares of Equity One (approximately 19%), one of the largest
shopping centre REITs in the southern U.S., that trades on the New York Stock
Exchange under the ticker symbol EQY. Including its investments in Equity One,
the Company has interests in 339 properties totalling approximately 37.0
million square feet of gross leasable area.





For further information:

For further information: Dori J. Segal, President & C.E.O., or Karen H.
Weaver, C.F.O., First Capital Realty Inc., 85 Hanna Avenue, Suite 400,
Toronto, Ontario, Canada, M6K 3S3, Tel: (416) 504-4114, Fax: (416) 941-1655,
www.firstcapitalrealty.ca


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890