Flagship Communities Real Estate Investment Trust Announces July 2024 Cash Distribution
15 July 2024 - 9:00PM
Flagship Communities Real Estate Investment Trust (the
“
REIT”) (TSX:MHC.U; MHC.UN) announced today a cash
distribution of US$0.0492 per REIT unit for the month of July 2024,
representing US$0.59 per REIT unit on an annual basis. Payment will
be made on or about August 15, 2024, to unitholders of record as of
the close of business on July 31, 2024.
Distributions paid to Canadian unitholders (and
other non-U.S. unitholders) generally will be subject to U.S.
withholding tax. Unitholders should consult their own tax advisors
for advice with respect to 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 home ownership. The REIT owns and operates exceptional
residential living experiences and investment opportunities in
family-oriented communities in Kentucky, Indiana, Ohio, Tennessee,
Arkansas, Missouri, West Virginia, and 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
current expectations of the REIT regarding future events, including
statements concerning the intended monthly distributions of the
REIT. In some cases, forward-looking statements can be identified
by terms such as “may”, “will”, “could”, “occur”, “expect”,
“anticipate”, “believe”, “intend”, “estimate”, “target”, “project”,
“predict”, “forecast”, “continue”, or the negative thereof or other
similar expressions concerning matters that are not historical
facts. Material factors and assumptions used by management of the
REIT to develop the forward-looking information include, but are
not limited to, the REIT having sufficient cash to pay its
distributions. While management considers these assumptions to be
reasonable based on currently available information, they may prove
to be incorrect.
Although management believes the expectations
reflected in such forward-looking statements are reasonable and
represent the REIT’s internal expectations and beliefs at this
time, such statements involve known and unknown risks and
uncertainties and may not prove to be accurate and certain
objectives and strategic goals may not be achieved. A variety of
factors, many of which are beyond the REIT’s control, could cause
actual results in future periods to differ materially from current
expectations of events or results expressed or implied by such
forward-looking statements, such as the risks identified in the
REIT’s final prospectus available under the REIT’s profile at
www.sedar.com, including under the heading “Risk Factors” therein.
Readers are cautioned against placing undue reliance on
forward-looking statements. Except as required by applicable
Canadian securities laws, the REIT undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise, after
the date on which the statements are made.
For further information, please contact:Eddie
Carlisle, Chief Financial OfficerFlagship Communities Real Estate
Investment TrustTel: +1 (859) 568-3390