Flagship Communities Real Estate Investment Trust Announces Cash Distribution of US$0.0492 Per REIT Unit for July 2024

Strategic Insights -

Flagship Communities Real Estate Investment Trust, a leading operator of affordable residential Manufactured Housing Communities, has announced a cash distribution of US$0.0492 per REIT unit for the month of July 2024. This represents an annual distribution of US$0.59 per REIT unit. The payment will be made on or about August 15, 2024, to unitholders of record as of July 31, 2024. The distribution is subject to U.S. withholding tax for Canadian and non-U.S. unitholders, and unitholders are advised to consult their tax advisors for guidance on the tax implications.

Key Takeaways:

  • The REIT announced a cash distribution of US$0.0492 per unit for July 2024, totaling US$0.59 annually.
  • The payment will be made on or about August 15, 2024, to unitholders of record as of July 31, 2024.
  • The distribution is subject to U.S. withholding tax for Canadian and non-U.S. unitholders.
  • Unitholders are advised to consult their tax advisors for guidance on the tax implications.
  • The REIT operates affordable residential Manufactured Housing Communities primarily serving working families.
  • Flagship Communities Real Estate Investment Trust owns and operates exceptional residential living experiences and investment opportunities in family-oriented communities across eight states.

Statistics:

  • US$0.0492 per REIT unit distribution announced for July 2024.
  • US$0.59 per REIT unit annual distribution.
  • Payment to be made on or about August 15, 2024.
  • Unitholders of record as of July 31, 2024, eligible for distribution.
  • US$0.59 sent to over 10,000 units across eight U.S. states operating communities.

Sources:

  • GlobeNewswire press release dated [undisclosed]
  • Sedar.com - Flagship Communities Real Estate Investment Trust final prospectus
  • Flagship Communities Real Estate Investment Trust official website: www.flagshipcommunities.com