Flagship Communities REIT Reaffirms Governance Strength with Resounding Unitholder Support at 2025 Annual Meeting
TORONTO, May 16, 2025 – Flagship Communities Real Estate Investment Trust (TSX: MHC.U; MHC.UN), a premier owner and operator of manufactured housing communities across the U.S. Midwest and Southeast, has reaffirmed its strong governance and investor confidence with sweeping support at its 2025 Annual Meeting of Unitholders, held on May 14.
All nine nominees for the REIT’s Board of Trustees were successfully elected, reflecting broad unitholder endorsement of Flagship’s current leadership. The vote reinforces Flagship’s strategic direction as it continues to focus on delivering affordable, high-quality residential living in family-oriented communities.
Additionally, unitholders overwhelmingly approved the reappointment of MNP LLP as auditor for the coming year, with 99.4% voting in favor of the resolution. The ballot-based vote also empowered the Board of Trustees to set the auditor’s remuneration, as outlined in the REIT’s Management Information Circular dated March 20, 2025.
A noteworthy highlight from the meeting was the strong backing for the non-binding advisory resolution on executive compensation, known as the “Say-on-Pay” vote. With 98.7% of votes cast in favor, unitholders expressed high confidence in the REIT’s approach to aligning executive pay with performance and long-term value creation.
Strategic Stability Amid Market Shifts
Flagship’s positive voting outcomes underscore the REIT’s continued emphasis on operational excellence and sustainable growth. With a portfolio spanning Kentucky, Indiana, Ohio, West Virginia, Tennessee, Arkansas, Missouri, and Illinois, Flagship is well-positioned to address the growing demand for affordable housing solutions across the U.S. heartland.
“Our unitholders have once again demonstrated their confidence in our leadership, our governance, and our strategic vision,” said a spokesperson for Flagship Communities REIT. “This strong vote of support enables us to continue investing in our communities and delivering stable, long-term value for our stakeholders.”
Flagship will file the final results of all resolutions voted on at the meeting with Canadian securities regulators in the coming days.
About Flagship Communities REIT
Flagship Communities Real Estate Investment Trust is dedicated to owning and operating high-quality, affordable residential manufactured housing communities. Primarily serving working families, the REIT offers opportunities for affordable homeownership while delivering consistent, long-term returns to its investors.
