FLAGSHIP COMMUNITIES REIT ANNOUNCES ELECTION OF TRUSTEES

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TORONTO, May 10, 2023 /CNW/ - Flagship Communities Real Estate Investment Trust ("Flagship" or the "REIT") (TSX: MHC.U) (TSX: MHC.UN) today announced that that each of the seven individuals nominated for election as a trustee of Flagship at the REIT's Annual General Meeting of Unitholders (the "Meeting") held on May 10, 2023 was elected. Voting results for the individual trustees of the REIT are as follows:

Director	Number of Votes FOR	Number of Votes Withheld	Percentage of Votes Cast FOR Matter
Peter C.B. Bynoe	10,523,294	908,688	92.05 %
Louis M. Forbes	11,331,123	100,859	99.12 %
Kurtis Keeney	11,421,382	10,600	99.91 %
J. Susan Monteith	10,055,759	1,376,223	87.96 %
Andrew Oppenheim	11,413,486	18,496	99.84 %
Ann Rooney	11,328,845	103,137	99.10 %
Nathan Smith	11,421,082	10,900	99.91 %

 

The resolution to re-appoint MNP, LLP as the auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 91.3% of the votes.

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, Illinois, and Missouri, including a fleet of manufactured homes for lease to residents of such housing communities.

SOURCE Flagship Communities Real Estate Investment Trust

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