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Flagship Communities Real Estate Investment Trust

11:39 AM EST - Flagship Communities Real Estate Investment Trust : Today announced a cash distribution of US$0.0545 per REIT unit for the month of May, representing US$0.654 per REIT unit on an annualized basis. Payments will be made on or about June 15, to unitholders of record as of the close of business on May 29. Flagship Communities Real Estate Investment Trust shares T.MHC.UN are trading unchanged at $26.79.