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TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — Flagship Community Real Estate Investment Trust (“REIT(TSX:MHC.U; MHC.UN) today announced a cash distribution of US$0.0492 per REIT unit for May 2024. This equates to US$0.59 per his REIT unit on an annual basis. Payments will be made on or about June 17, 2024 to unitholders of record as of the close of business on May 31, 2024.
Distributions paid to Canadian unitholders (and other non-U.S. unitholders) are generally subject to U.S. withholding tax. A unitholder should consult her own tax advisor regarding the tax consequences of receiving distributions from her REIT in her own situation.
About Flagship Community Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust is a leading operator of manufactured affordable housing communities primarily serving working families seeking affordable homeownership. The REIT owns and operates superior residential living experiences and investment opportunities in family-friendly communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia and Illinois. For more information about Flagship, please visit www.flagshipcommunities.com.
Forward-looking statements
This press release contains statements that contain forward-looking information within the meaning of Canadian securities laws. These forward-looking statements, including statements regarding the REIT’s monthly distribution schedule, reflect the REIT’s current expectations regarding future events. In some cases, forward-looking statements include the words “may,” “will,” “could,” “occur,” “anticipate,” “anticipate,” and “believe.” , may be identified by terms such as “intended” and “estimated.” , “goals,” “plans,” “forecasts,” “forecasts,” “continues,” or the negation thereof, or other similar expressions regarding matters that are not historical facts. Important factors and assumptions used by the REIT’s management in preparing forward-looking information include, but are not limited to, that the REIT has sufficient cash to pay distributions; It will not be. Although management believes these assumptions are reasonable based on currently available information, they may prove to be incorrect.
Although management believes that the expectations reflected in such forward-looking statements are reasonable and represent the REIT’s current internal expectations and beliefs, such statements may be They involve unknown risks and uncertainties, may not prove to be accurate and may not apply to certain objectives or strategic objectives. achieved. A variety of factors, many of which are beyond REIT’s control, may cause actual results for future periods to differ from those expressed or implied by forward-looking statements, including the risks identified in REIT’s final report. events or results may differ materially from current expectations. The prospectus is available (including under the heading “Risk Factors”) under his REIT’s profile at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the REIT does not make forward-looking statements, whether as a result of new information, future events or otherwise, We do not undertake any obligation to update or revise it.
For more information, please contact us below.
Eddie Carlyle, Chief Financial Officer
Flagship Community Real Estate Investment Trust
Phone number: +1 (859) 568-3390
