Terra Firma Capital Corporation welcomes Tristan Kingcott
TORONTO, June 23, 2022 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Land“or the”Company”), a real estate finance company, is pleased to announce the appointment of Mr. Tristan Kingcott to its Board of Directors. In addition, Mr. Kingcott will join the Company’s Investment Committee.
Mr. Kingcott is Director and Managing Director of ICM CA Research Limited (“ICM”) and brings over 10 years of experience in private equity, investment management and business development. ICM, through one of its affiliates, is a significant shareholder of the Company. Mr. Kingcott is responsible for initiating and overseeing ICM’s Canadian investments. Mr. Kingcott is a CFA and holds a Bachelor of Commerce degree from the University of Alberta.
“We are delighted to welcome Tristan to the Terra Firma Board of Directors,” said MY Dov Meyer, Executive Chairman of Terra Firma. “ICM manages over $20 billion globally and it’s a testament to Terra Firma’s business that they care about our company. I am sure that in the future their contribution to business development and strategic direction will be very significant,” he added.
In connection with the appointment of Mr. Kingcott to the Board of Directors, the Company has entered into an agreement with ICM in which the Company has agreed to appoint Mr. Kingcott, or any other nominee proposed by ICM, reasonably acceptable to the Board, to election at future general meetings of the Company. ICM’s right to nominate will end when ICM ceases to hold at least 10% of the outstanding shares of the Company.
About Terra Firma
Terra Firma is a publicly traded, full-service real estate finance company that provides real estate financing secured by investment properties and real estate developments in the United States and Canada. The Company is focused on arranging and providing financing on flexible terms to property developers and owners who require short-term loans to bridge a transition period of one to five years when they need capital. at various stages of development or redevelopment of a property. These loans are generally repaid through longer-term, lower-cost debt obtained from other financial institutions after the applicable transition period has ended or the redevelopment has been completed, or from the proceeds generated from the sale of the assets. real estate. Terra Firma offers a full range of real estate financing under the guidance of strict corporate governance, clarity and transparency. For more information, please visit the Terra Firma website at www.tfcc.ca.
The TSX-V has neither approved nor disapproved of the contents of this press release. The TSX-V accepts no responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements regarding matters relating to Terra Firma’s business, operations, strategy and financial performance, Fund II’s subsequent closings and target size, initial portfolio commitments, interest of potential investors in Fund II, Terra Firma’s ability to obtain additional commitments for Fund II, the expected reliability and consistency of third-party capital, potential returns for syndicated investors, and Terra Firma’s intention to launch subsequent funds. These statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intend”, “believe” or “could” or the negative thereof or similar variants. The future activities, operations and performance of Terra Firma could differ materially from those expressed or implied by these statements. These forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including risks relating to market factors, our ability to fund our commitments and obtain sources of funding for them, the interest to invest by potential investors may not be realized as expected, where applicable, competition and dependence on the financial condition of tenants, environmental and tax issues and dependence on key personnel , as well as the risks discussed in Terra Firma’s most recent annual MD&A, any subsequent MD&A filed an interim MD&A or the latest annual information form filed by Terra Firma, in each case filed under Terra Firma’s profile. Firma on SEDAR at www. sedar.com. Forward-looking statements are based on a number of assumptions which may prove to be incorrect, including that the general economy, local real estate conditions and interest rates are stable, the absence of material changes in government regulations and the continued availability of equity, debt and other sources of capital. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The cautionary statements qualify all forward-looking statements attributable to Terra Firma and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and Terra Firma undertakes no obligation to update such statements, whether as a result of new information, future events or otherwise, except as required by applicable regulations. Canadian Securities Laws.
For more information, please contact:
Terra Firma Capital Corporation
CEO Phone: 416.792.4702
Terra Firma Capital Corporation
Y. Dov Meyer Executive Chairman Phone: 416.792.4709
Ali Mahdavi General Manager
Spinnaker Capital Markets Inc.