Flat Footed LLC Files Definitive Proxy Statement and Sends Letter to Diversified Healthcare Trust Shareholders

Urges Shareholders to Vote AGAINST the Merger with OPI to Position DHC for Long-Term Growth and Value Creation

Visit www.SaveDHC.com to Obtain Information on How to Vote the GOLD Proxy Card at the August 9^th Special Meeting

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 outstanding common shares of the Company, today announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission and sent a letter to shareholders in connection with its opposition to the Company’s proposed merger with Office Properties Income Trust (Nasdaq: OPI) (“OPI”).

FFL is urging shareholders to vote AGAINST DHC’s value-destructive merger with OPI on the GOLD Proxy Card at the upcoming special meeting of shareholders (the “Special Meeting”) scheduled for August 9, 2023. The definitive proxy statement is available on the SEC’s website here.

Visit www.SaveDHC.com to obtain information on how to vote AGAINST DHC’s proposed merger with OPI on the GOLD Proxy Card or GOLD voting instruction form and sign up for important updates on FFL’s campaign to Save DHC.

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FFL Urges DHC Shareholders to Vote AGAINST ALL of the Company’s Proposals on the GOLD Proxy Card at the Company’s August 9^th Special Meeting.

Voting AGAINST DHC’s Proposed Merger with OPI and the Company’s Adjournment Proposal Can Protect the Value of Your Investment.

Visit www.SaveDHC.com to Sign Up for Important Updates and Obtain Information on How to Vote the GOLD Proxy Card.

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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/20230629023027/en/

For Investors:

Flat Footed LLC

ir@flatfootedllc.com

Okapi Partners LLC

Mark Harnett

(212) 297-0720

mharnett@okapipartners.com

For Media:

Longacre Square Partners

Greg Marose / Charlotte Kiaie, 646-386-0091

FFL@longacresquare.com

Source: Flat Footed LLC