/Not for distribution to U.S. newswire
services or dissemination in the United
States./
TORONTO, Dec. 15,
2023 /CNW/ - Flagship Communities Real Estate
Investment Trust (the "REIT") (TSX: MHC.U) (TSX: MHC.UN)
announced today a cash distribution of US$0.0492 per REIT unit for the month of
December 2023, representing
US$0.59 per REIT unit on an annual
basis. Payment will be made on or about January 15, 2024 to unitholders of record as of
the close of business on December 29,
2023.
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 an
internally managed, unincorporated, open-ended real estate
investment trust established pursuant to a declaration of trust
under the laws of the Province of Ontario. The REIT has been formed to own and
operate a portfolio of income-producing manufactured housing
communities located in Kentucky,
Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured
homes for lease to residents of such housing communities.
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.
SOURCE Flagship Communities Real Estate Investment Trust