/ NOT FOR DISTRIBUTION TO US NEWS SERVICES OR DISTRIBUTION TO UNITED STATES./
TORONTO, Jul 15, 2021 / CNW / – Leading Communities Real Estate Investment Fund (“REIT“) (TSX: MHC.U) announced cash distribution today USD 0.0425 per unit of REIT per month July 2021representing US $ 0.51 per unit of REIT on an annual basis. Payment will be made no later than August 16, 2021 registered unit holders at the close of the business day Jul 30, 2021…
Distributions paid to Canadian unit holders (and other unit holders outside the US) will generally be subject to US withholding tax. For general information on the taxation of distributions payable to unit holders in Canada, including information on US withholding tax, see Certain Canadian Federal Income Tax Considerations, Certain US Federal Income Tax Considerations, and Risk Factors – Taxes – Associated Risks ”of the REIT prospectus from September 28, 2020, a copy of which is available in the REIT profile on the SEDAR website at www.sedar.com… Unit holders should consult with their tax advisors regarding the tax implications of receiving a distribution from a REIT in their own circumstances.
About Flagship Communities Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust is a newly formed, unincorporated, internally managed open-ended real estate investment fund established on the basis of a declaration of trust under provincial law Ontario… The REIT was formed to own and manage a portfolio of income-generating industrial residential neighborhoods located in Kentucky, Indiana, Ohio, Tennessee, Arkansas as well as Missouri; including a park of ready-made houses for renting out to residents of such villages.
This press release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect REITs’ current expectations of future events, including statements of estimated monthly REIT distributions. In some cases, forward-looking statements may be identified by terms such as “may,” “will,” “might,” “occur,” “expect,” “foresee,” “believe,” “intend,” “estimate”. , “purpose”, “project”, “forecast”, “forecast”, “continuation” or their negation or other similar expressions concerning issues that are not historical facts. The significant factors and assumptions used by REIT management to develop forward-looking information include, but is not limited to, whether the REIT has sufficient cash to pay its distributions. Although management believes these assumptions are reasonable based on the information currently available, they may turn out to be incorrect.
While management believes that the expectations reflected in such forward-looking statements are reasonable and reflect the REIT’s current expectations and beliefs, such statements involve known and unknown risks and uncertainties and may be inaccurate, and some goals and strategic objectives may be inaccurate. … to be achieved. A variety of factors, many of which are beyond the control of the REIT, could cause actual results in future periods to differ materially from current expectations of events or results expressed or implied in such forward-looking statements, such as the risks identified in the final REIT report. The prospectus is available in the REIT profile at www.sedar.com, including in the section “Risk Factors”. Readers should not place undue reliance on forward-looking statements. Except as otherwise provided by applicable Canadian securities laws, the REIT assumes 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 those statements were made.
SOURCE Flagship Communities Real Estate Investment Fund
View original content: http://www.newswire.ca/en/releases/archive/July2021/15/c8278.html