Flat Footed LLC Releases Presentation Regarding the Flawed, Value-Destructive Merger of Diversified Healthcare Trust and Office Properties Income Trust

Rhea-AI Summary

Diversified Healthcare Trust (Nasdaq: DHC) shareholder Flat Footed LLC (FFL) released a presentation urging shareholders to reject the proposed merger with Office Properties Income Trust (Nasdaq: OPI). FFL encourages shareholders to vote against all of DHC’s proposals on the GOLD Proxy Card at the Company’s August 30th Special Meeting.

Urges Fellow Shareholders of DHC to Visit www.SaveDHC.com to Download the Presentation and Obtain Information Regarding How to Vote AGAINST the Deal on the GOLD Proxy Card

WILSON, Wyo.--(BUSINESS WIRE)-- Flat Footed LLC (together with its affiliates, “FFL”), 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 released a presentation detailing why shareholders should reject the proposed merger with Office Properties Income Trust (Nasdaq: OPI) (“OPI”).

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FFL Urges Fellow Shareholders to Vote AGAINST ALL of DHC’s Proposals on the GOLD Proxy Card at the Company’s August 30^th Special Meeting.

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

Visit www.SaveDHC.com for FFL’s Presentation and to 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/20230802449909/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 / Aaron Rabinovich, 646-386-0091

FFL@longacresquare.com

Source: Flat Footed LLC

FAQ

Why is Flat Footed LLC urging shareholders to reject the proposed merger with Office Properties Income Trust?

Flat Footed LLC believes that rejecting the proposed merger can protect the value of shareholders' investments.

When is the Company’s Special Meeting and what is Flat Footed LLC encouraging shareholders to do?

The Company’s Special Meeting is on August 30th, and Flat Footed LLC is encouraging shareholders to vote against all of DHC’s proposals on the GOLD Proxy Card.

Where can shareholders obtain more information about rejecting the proposed merger and voting against DHC’s proposals?

Shareholders can visit www.SaveDHC.com to download Flat Footed LLC’s presentation and obtain information on how to vote the GOLD Proxy Card.