FCPT establishes $500M ATM equity program with forward sale option

Four Corners Property Trust, Inc.

Entered equity distribution agreement with 11 managers to sell up to $500M of common stock.
May enter forward sale agreements; net proceeds contributed to operating partnership for general purposes.
Terminated prior $500M ATM program dated November 7, 2022.
Commissions capped at 2.0% of gross sale price per share sold through agents or forward sellers.
Sales may be made at market prices; proceeds used for general corporate purposes pending REIT qualification.

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