On January 9, 2023, Sandpiper Group announced that it has sent an application to the Ontario Superior Court regarding the FirstCapital Real Estate Investment Trust decision to hold the meeting on May 16, 2023, to have the special meeting of unitholders to replace 4 Company board members on the March 1, 2023, or as soon as practicable thereafter. In addition, Sandpiper Group stated that in advance of the application, Sandpiper advised the Company that they would be willing to accept a May 16, 2023, Meeting date provided the Company refrain from carrying out dispositions under its enhanced capital allocation and portfolio optimization plan in the interim, however the Company rejected its proposal.