© 2020 by FRONSAC Real Estate Investment Trust

Press

 March 20, 2020 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) announces its results for the year ended December 31st, 2019 and that it will make monthly cash distributions of 0.213¢ per unit, representing 2.555¢ per unit on an annualized basis, on April 30th, May 29th and June 30th, 2020 to unitholders of record on April 15th, May 15th and June 15th, 2020, respectively.

Fronsac Announces Strong Results for the Year Ended December 31, 2019 and Monthly Distributions for the Months of April, May and June 2020

 March 9, 2020 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) announces the issuance of 322,000 units of Fronsac REIT at a price of $0.60 per unit, which equates to $193,200 as partial compensation for the services rendered by certain members of management and the board of trustees during the fiscal year ended on December 31st, 2019. The issuance of the units of Fronsac REIT constitutes a portion of salaries as per the Unit Compensation Plan approved by the unitholders on May 24, 2019.

Fronsac Announces the Issuance of Units for Services Rendered in Relation With its Unit Based Compensation Plan

 February 28, 2020 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) is pleased to announce the closing of two previously announced acquisitions. The first property acquired is in Farnham, Québec. It is composed of a Petro-Canada gas station, a Beau-Soir convenience store and a Tim Hortons restaurant. Total consideration paid was $4.0 million (excluding transaction costs) and was settled in cash. The second property acquired is in Kenora, Ontario. It is composed of a retail store operated under the Walmart banner. Total consideration paid for the property was $12.0 million (excluding transaction costs) and was settled in cash.


These two acquisitions are part of the three previously announced acquisitions by Fronsac on January 20, 2020 (see: “Fronsac Announces Public Offering of Units and Agreements to Acquire Three Properties in Québec and Ontario”). The third acquisition is a 75%-interest in property located in Saint-Étienne-des-Grès, Québec, composed of a Parkland gas station, a Beau-Soir convenience store and a Tim Hortons restaurant. This acquisition is set to close in mid-March 2020 for total consideration of approximately $3.0 million (excluding transaction costs).

Fronsac Announces the Closing of Two Previously Announced Acquisitions

 February 13, 2020 

Fronsac Real Estate Investment Trust (the “REIT” or “Fronsac”) is pleased to announce that it has closed its previously-announced public offering (the “Offering”) of trust units of Fronsac (the “Units”). Under the Offering, an aggregate of 29 million Units were issued, representing the maximum number of Units qualified under Fronsac’s short form prospectus, at a price of $0.62 per Unit for aggregate gross proceeds of approximately $18 million. The Offering was made through a syndicate of agents co-led by Paradigm Capital Inc. and Canaccord Genuity Corp., acting as joint bookrunners, and including Laurentian Bank Securities Inc., Echelon Wealth Partners Inc. and Desjardins Securities Inc.

 

The REIT intends to use the net proceeds of the Offering as described in the REIT’s final short form prospectus dated February 7, 2020, including to partially fund the acquisition of three commercial properties in Québec and Ontario and repay a portion of the outstanding indebtedness under certain of the REIT’s credit facilities.

Fronsac Closes $18 Million Fully-Subscribed Public Offering of Units

 February 5, 2020 

Fronsac Real Estate Investment Trust (the “REIT” or “Fronsac”) announced today that it has filed its amended and restated consolidated financial statements as at and for the year ended December 31, 2018 and 2017 (the "2018 Amended and Restated Financial Statements") and corresponding management's discussion and analysis (the “2018 Amended and Restated MD&A”), and its amended and restated interim consolidated financial statements for the three and nine-month periods ended September 30, 2019 and 2018 (the "Q3 2019 Amended and Restated Financial Statements") and corresponding management's discussion and analysis (the “Q3 2019 Amended and Restated MD&A”).

Fronsac Announces Filing of Amended and Restated Financial Statements and
Update on Its Public Offering of Units

 January 20, 2020 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) is pleased to announce that it has entered into acquisition agreements to purchase three commercial properties in Québec and Ontario (collectively, the “Acquisition Properties”), and its intention to undertake a public offering (the “Offering”) of units of Fronsac (the “Units”) at a price of $0.62 per Unit for minimum gross proceeds of approximately $15.0 million (the “Minimum Offering”) and maximum gross proceeds of approximately $18.0 million (the “Maximum Offering”).

Fronsac Announces Public Offering of Units and Agreements to Acquire Three Properties in Quebec and Ontario
Fronsac Announces its Results for the Quarter Ended September 30, 2019 and an Increase of 15.1% in its 2020 per Unit Distribution

 November 8, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) announces its results for the quarter ended September 30th, 2019 and, for an eight consecutive year, an increase in its annual distribution as well as distributions for the months of January, February and March 2020.

 

Distributions
Starting in January 2020, the annual distribution will go from 2.220¢ to 2.555¢ per unit, representing an increase of 15.1%. The monthly distributions will be of 0.213¢ per unit. This represents a 104% total growth since Fronsac’s first distributions in 2012.​​

 August 23, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) announces its results for the quarter ended June 30, 2019 and that it will make monthly cash distributions of 0.185¢ per unit, representing 2.220¢ per unit on an annualized basis, on October 31st, November 29th and December 31st, 2019 to unitholders of record on October 15th, November 15th and December 16th, 2019, respectively.

Fronsac Announces its Results for the Quarter Ended June 30, 2019 and Monthly Distributions for the Months of October, November and December 2019

 August 22, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) is pleased to announce the acquisition of a property located in Baie Comeau, Qc, in the heart of the town’s commercial node. The property is a pharmacy operated under the Pharmaprix banner. Total consideration paid for the property was $5,200,000 (excluding transaction costs).

Fronsac Announces an Acquisition

 July 9, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) is pleased to announce that it has received approval from the TSX Venture Exchange (“TSX”) for the annual renewal of its normal course issuer bid (“NCIB”).
 

For its current NCIB that expires on July 31, 2019, Fronsac previously sought and received approval from the TSX to repurchase up to 4,283,577 Trust Units (the “Units”). The Trust has not purchased any units for cancellation over the course of this NCIB.
 

Under the renewed NCIB, Fronsac may purchase for cancellation, through the facilities of the TSX Venture Exchange, if in the best interest of the Trust, a maximum of 5,828,557 Units, which represents approximately 5% of the units in circulation. As of today, the Trust has 116,571,151 Units issued and outstanding. Over the course of any 30 day period the Trust will not purchase more than 2,331,423 units in total, which represents 2% of the units issued and outstanding at this present date.

Fronsac Announces Renewal of Normal Course Issuer Bid

 May 31, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) is pleased to announce the acquisition of two properties. The first one is a retail store operated under the Dollarama banner and is located on Laurentides Boulevard in Laval, Qc. The second one is leased to Dollarama and Laurentian Bank and is located on Desjardins Boulevard in Maniwaki, Qc. Both properties are located on highly trafficked commercial arteries in their respective towns. Total consideration paid for the two properties was $4,050,000 (excluding transaction costs) and was settled in cash.

Fronsac REIT Announces the Acquisition of Two Properties

 May 24, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) announces its results for the quarter ended March 31, 2019 and that it will make monthly cash distributions of 0.185¢ per unit, representing 2.220¢ per unit on an annualized basis, on July 31th, August 30st and September 30th, 2019 to unitholders of record on July 15th, August 15th and September 16th, 2019, respectively.

Fronsac REIT Announces its Results for the Quarter Ended March 31, 2019 and Monthly Distributions for the Months of July, August and September 2019

 May 23, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) is pleased to announce the acquisition of two properties in Lachute, Qc. The properties are located on Bethany avenue at the center of Lachute’s retail node. The first is a retail store operated under the Walmart banner and the second is a quick service restaurant operated under the Tim Hortons banner and located at the entrance of the Walmart. Total consideration paid for this property was $9.5M (excluding transaction costs) and the properties will generate a combined net operating income of approximately $682,000 in year one, representing a 7.2% going in capitalization rate based on the purchase price.

Fronsac REIT Announces an Acquisition

 May 16, 2019 

Fronsac Real Estate Investment Trust (“Fronsac”) is pleased to announce the closing of its previously-announced private placement for aggregate gross proceeds of $9,910,000 (the “Offering”). Pursuant to the Offering, Fronsac issued 14,869,091 units (“Units”) at a price of $0.55 per Unit, for gross proceeds to Fronsac of $8,178,000, and $1,732,000 in principal amount of 6% unsecured convertible debentures (the “Debentures”).
 

The net proceeds of the Offering will be used to partially-fund acquisitions, to repay certain indebtedness, which may be subsequently redrawn, and for working capital and general trust purposes.

Fronsac REIT Announces the Closing of its Previously Announced Financing

 April 26, 2019 

Fronsac Real Estate Investment Trust (“Fronsac”) is pleased to announce three acquisitions, two in the province of Quebec and one in Nova Scotia.​​

Fronsac REIT Announces Three Acquisitions

 April 10, 2019 

Fronsac Real Estate Investment Trust (“Fronsac”) is pleased to announce its intention to undertake a private placement of units of Fronsac (“Units”) at a price of $0.55 per Unit and 6% unsecured convertible debentures (the “Debentures”) for aggregate gross proceeds of up to $10,000,000, including up to $2,000,000 in principal amount of Debentures (collectively, the “Offering”).


The net proceeds of the Offering will be used for acquisitions and for working capital and general trust purposes.

Fronsac REIT Announces a Financing of Up to $10 Million

 March 22, 2019 

Fronsac Real Estate Investment Trust (“Fronsac REIT” or “Fronsac”) announces its results for the year ended December 31, 2018 and that it will make monthly cash distributions of 0.185¢ per unit, representing 2.220¢ per unit on an annualized basis, on April 30th, May 31st and June 28th, 2019 to unitholders of record on April 15th, May 15th and June 14th, 2019, respectively

Fronsac REIT Announces its Results for the Year Ended December 31, 2018 and Monthly Distributions for the Months of April, May and June 2019

 March 19, 2019 

Issuance of units

Fronsac Real Estate Investment Trust (“Fronsac REIT”) announces the issuance of 312,000 units of Fronsac REIT at a price of $0.57 per unit, which equates to $177,840 as partial compensation for the services rendered by certain members of management and the board of trustees during the fiscal year ended on December 31st, 2018, subject to the approval of the TSX Venture Exchange. The issuance of the units of Fronsac REIT constitutes a portion of salaries as per their employment contract and board compensation package.

 

New Compensation Plan

Fronsac REIT announces a new unit compensation plan that further aligns executive management and unitholder interests. 

Fronsac REIT Announces the Issuance of Units for Services Rendered and a New Unit Compensation Plan That Further Aligns Executive Management and Unitholder Interests

 January 4, 2019 

Fronsac Real Estate Investment Trust (FRO-UN-X) enters the new year with the same attitude as the service industry-based trust had during 2018: “We’re in growth mode,” CEO and president Jason Parravano says.

RENX Interview With Fronsac CEO Jason Parravano: Fronsac in Growth Mode