On October 20, 2016, First Capital Real Estate Trust Incorporated (First Capital) announced that its board of directors had approved a suspension of First Capital’s monthly distributions to increase cash reserves. The suspension is effective as of November 1, 2016. First Capital expects to make October distributions no later than November 30, 2016.
Additionally, First Capital announced that the board of directors engaged Ladenburg Thalmann Financial Services Inc. as an advisor to review strategic alternatives.
The White Law Group continues to investigate potential claims in First Capital Real Estate Trust.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
If you have invested in First Capital Real Estate Trust and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.