First Capital REIT announced that it will make a cash distribution of CAD 0.036 per REIT unit for the month of January, representing CAD 0.43 per REIT unit on an annualized basis. The distribution will be paid on February 15, 2021 to unitholders of record as at January 31, 2021. First Capital REIT announced the temporary reduction of its monthly distribution to unitholders from CAD 0.0716 per unit to CAD 0.036 per unit, or from CAD 0.860 to CAD 0.432 on an annualized basis. The reduction in the distribution will provide First Capital with additional retained cash flow of approximately CAD 95 million per annum and is expected to span approximately two years.