TORONTO, June 9, 2022 /CNW/ – Flagship Communities Real Estate Investment Trust (TSX: MHC.U) (OTCQX: FLGMF) (the “REIT”) announced today the introduction of a Canadian dollar listing of its Trust Units on the Toronto Stock Exchange (“TSX”)).
Efficient June 13, 2022, the Trust Units will begin trading on the TSX in Canadian dollars under the symbol “MHC.UN”. The Trust Units will continue to trade in US dollars under the existing symbol “MHC.U”.
The Trust Units which will trade under the symbol MHC.UN will have the same CUSIP number as the Trust Units which will trade under the symbol MHC.U. Accordingly, the number of issued and outstanding Trust Units will not change. The REIT currently has 14,141,185 Trust Units outstanding.
Distributions from the REIT will continue to be paid to Unitholders in US dollars for the MHC.U and MHC.UN listings.
“We are pleased to introduce a Canadian dollar listing, which will provide Canadian investors with the ability to transact in their home currency,” said Kurt Keney, President and Chief Executive Officer of the REIT. “We expect this new listing to provide more flexibility for investors and to facilitate increased trading activity in our Trust Units over time.”
Unitholders should consult their financial advisors for further information regarding dual currency listing, including their ability to exchange US dollar-denominated Trust Units for Canadian dollar-denominated Trust Units.
About Flagship Communities Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust is an open-ended, unincorporated, internally managed real estate investment trust established pursuant to a Declaration of Trust under the laws of the Province of Ontario. The REIT was formed to own and operate a portfolio of income-generating manufactured home communities located in Kentucky, Indiana, Ohio, Tennessee, Missouri, Arkansas and Illinois; including a fleet of manufactured homes for rent to residents of these housing communities.
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. In some instances, forward-looking statements may be identified by words such as “may”, “will”, “could”, “occur”, “expect”, “anticipate”, “believe”, “have the ‘intend’, ‘estimate’, ‘target’, ‘plan’, ‘predict’, ‘plan’, ‘continue’, or their negative form or other similar expressions relating to matters which are not historical facts. Important factors and assumptions used by management of the REIT in developing forward-looking information include, but are not limited to, that the REIT will have sufficient liquidity to pay its distributions. Although management considers these assumptions to be reasonable based on information currently available, 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 the current time, such statements involve known and unknown risks and uncertainties and may not prove to be accurate. and some strategic objectives and 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 report available under the REIT’s profile at www.sedar.com, including under “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 statements are made.
SOURCE Flagship Communities Real Estate Investment Trust
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