Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U) (TSX: MHC.UN) today announced that each of the seven individuals nominated for election as a trustee of Flagship at the REIT’s Annual Meeting of Unitholders held on May 8, 2024 (the "Meeting"), was elected. Voting results for the individual trustees of the REIT are as follows:

Director	Number of Votes FOR	Number of Votes Withheld	Percentage of Votes CastFOR Matter
Peter C.B. Bynoe	11,312,950	917,167	92.5%
Louis M. Forbes	12,137,119	92,998	99.2%
Kurtis Keeney	12,229,917	200	100%
J. Susan Monteith	10,669,815	1,560,302	87.2%
Andrew Oppenheim	12,219,325	10,792	99.9%
Ann Rooney	12,134,219	95,898	99.2%
Nathan Smith	12,220,525	9,592	99.9%

At the Meeting, a resolution re-appointing MNP LLP as auditor of the REIT for the ensuing year and authorizing the Board of Trustees of the REIT to fix their remuneration, as more particularly described in the REIT’s management information circular dated March 14, 2024 (the “Circular”), was passed as an ordinary resolution of unitholders by a majority on a vote conducted by way of ballot. The results of the ballot were 12,138,150 votes (99.2%) voting in favour of the resolution. In addition, a resolution in respect of the approval and confirmation of all unallocated awards issuable under the REIT’s omnibus equity incentive plan, as more particularly described in the Circular, was also passed as an ordinary resolution of unitholders by a majority on a vote conducted by way of ballot. The results of the ballot were 11,308,122 votes (92.5%) voting in favour of the resolution.

The REIT is also pleased to announce that a non-binding advisory resolution on the REIT’s approach to executive compensation, as more particularly described in the Circular, was passed as an ordinary resolution of unitholders by a majority on a vote conducted by way of ballot. The results of the ballot were 12,201,308 votes (99.8%) voting in favour of the ‘Say-on-Pay’ resolution.

Final results on all matters voted on at the Meeting will be filed shortly with the Canadian securities regulators.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential Manufactured Housing Communities primarily serving working families seeking affordable home ownership. The REIT owns and operates exceptional residential living experiences and investment opportunities in family-oriented communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois. To learn more about Flagship, visit www.flagshipcommunities.com.

For further information, please contact:

Eddie Carlisle, Chief Financial OfficerFlagship Communities Real Estate Investment TrustTel: +1 (859) 568-3390