Flagship Communities Real Estate Investment Trust Announces June 2024 Cash Distribution

Not for distribution to U.S. wire services or dissemination in the United States.

TORONTO, June 14, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (the “REIT“) (TSX: MHC.U; MHC.UN) today announced a cash distribution of US$0.0492 per REIT unit for the month of June 2024, representing US$0.59 per REIT unit. REIT on an annual basis. Payment will be made on or about July 15, 2024 to unitholders of record at the close of business on June 28, 2024.

Distributions paid to Canadian Unitholders (and other non-U.S. Unitholders) will generally be subject to U.S. withholding tax. Unitholders should consult their own tax advisors for advice regarding the tax consequences of receiving a distribution from the REIT in their own circumstances.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential manufactured housing communities, primarily serving working families seeking affordable housing. The REIT owns and operates exceptional residential living experiences and investment opportunities in family-friendly communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia and of Illinois. To learn more about Flagship, visit www.flagshipcommunities.com.

Forward-looking statements

This press release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the REIT’s current expectations regarding future events, including statements regarding the REIT’s expected monthly distributions. In some cases, forward-looking statements can be identified by words such as “may”, “will”, “could”, “occur”, “expect”, “anticipate”, “believe”, “have the ‘intent to’, ‘estimate’. , “target”, “project”, “predict”, “plan”, “continue” or their negative form or other similar expressions concerning matters which are not historical facts. Material factors and assumptions used by management of the REIT in developing forward-looking information include, but are not limited to, whether the REIT has sufficient liquidity to pay its distributions. Although management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

Although management believes that the expectations reflected in these forward-looking statements are reasonable and represent the REIT’s internal expectations and beliefs at this time, these statements involve known and unknown risks and uncertainties and may not prove to be accurate and some strategic objectives and goals may not be accurate. be achieved. Various factors, many of which are beyond the REIT’s control, could cause actual results in future periods to differ materially from current expectations regarding events or results expressed or implied by such forward-looking statements, such as identified risks in the final FPI report. prospectus available under the REIT’s profile at www.sedar.com, including under the heading “Risk Factors”. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the REIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the declarations are made.

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For more information, please contact:
Eddie Carlisle, CFO
Real Estate Investment Trusts for Flagship Communities
Tel: +1 (859) 568-3390