/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, April 15, 2021 /CNW/ - Flagship Communities Real Estate Investment Trust (the "REIT") (TSX:MHC) announced today a cash distribution of US$0.0425 per REIT unit for the month of April 2021, representing US$0.51 per REIT unit on an annual basis. Payment will be made on or about May 17, 2021 to unitholders of record as of the close of business on April 30, 2021. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax.