TORONTO, Sept. 29,
2022 /CNW/ - Flagship Communities Real Estate
Investment Trust (TSX: MHC.U) (TSX: MHC.UN) (the "REIT") announced
today the appointment of Ann Rooney to its board of trustees
(the "Board") effective September 29,
2022. Concurrently, Ms. Rooney has been appointed to the
REIT's Audit Committee.
"We are pleased to welcome Ann
Rooney to our Board, and to enhance our overall corporate
governance with the addition of her extensive experience and
knowledge," said Peter Bynoe, the
REIT's Chair of the Board. "Throughout her career, Ms. Rooney
has held board member positions with Parkbridge Lifestyle
Communities, The Nature Conservancy of Canada, and the Alberta Securities Commission,
providing her with diverse skills, perspectives and expertise that
are expected to benefit the REIT, and contribute to its continued
success."
Ms. Rooney's appointment increases female representation on the
Board to approximately 29%, underscoring the REIT's commitment to
diversity.
The REIT also announced the resignation of Iain Stewart, who served on the Board since the
REIT's initial public offering in 2020. "On behalf of management
and the Board, I would like to thank Iain for his contributions to
the REIT. Iain has been and continues to be an ardent
supporter of the REIT. We wish him the very best in his
future endeavors," said Kurt Keeney,
the REIT's President and Chief Executive Officer.
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.
SOURCE Flagship Communities Real Estate Investment Trust