Flat Footed LLC Comments on Diversified Healthcare Trust’s Adjournment of Special Meeting of Shareholders

Rhea-AI Summary

Diversified Healthcare Trust's Special Meeting of Shareholders adjourned to September 6 for voting on proposed merger with Office Properties Income Trust.

Positive

• Flat Footed LLC, a top shareholder of DHC, urges shareholders to vote AGAINST the merger.

Negative

• None.

WILSON, Wyo.--(BUSINESS WIRE)-- Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of approximately 9.8% of the Company’s outstanding common shares, today commented on DHC’s adjournment of its Special Meeting of Shareholders (the “Special Meeting”) to September 6, at 10:00 a.m. Eastern Time, where shareholders are scheduled to vote on the proposed merger with Office Properties Income Trust (Nasdaq: OPI) (“OPI”).

Marc Andersen, Managing Member of FFL, commented:

“We continue to believe that it is in the best interest of DHC shareholders to vote AGAINST the proposed merger with OPI at the adjourned Special Meeting.”

***

Visit www.SaveDHC.com to Obtain Information on How to Vote on the GOLD Proxy Card AGAINST the DHC-OPI Merger.

***

About Flat Footed

Flat Footed LLC is a special situation, value-oriented investment management firm focused on leveraged, asset-heavy companies with complex capital structures. The Flat Footed LLC team has cumulatively managed $2.8 billion since founding their first fund together in 1999. For more information, visit www.flatfootedllc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230830126284/en/

Flat Footed LLC

ir@flatfootedllc.com



Okapi Partners LLC

Mark Harnett, 212-297-0720

mharnett@okapipartners.com



or



Longacre Square Partners

Greg Marose / Charlotte Kiaie, 646-386-0091

FFL@longacresquare.com

Source: Flat Footed LLC