Flagship Communities REIT Boosts Cash Distributions

Flagship Communities REIT Investment Trust (TSE:MHC.UN) has released an update.

Flagship Communities Real Estate Investment Trust has announced a 5% increase in its monthly cash distribution to unitholders, marking the fourth consecutive year of increases. The boost reflects Flagship’s robust financial health, following a year of significant milestones including a major acquisition and debt refinancing. The new distribution rate will start in mid-November for shareholders on record by the end of October.

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