Diversified Healthcare Trust announced changes to its Board of Trustees and executive leadership team, and other actions to address its near term capital needs, including DHC?s pending debt maturities. Phyllis Hollis has been appointed as an Independent Trustee of the DHC Board, effective September 26, 2023. Ms. Hollis previously worked as an executive at an investment bank and has extensive experience in finance and executing capital markets transactions.

Ms. Hollis will serve on DHC?s Audit Committee as well as its Compensation Committee, which she will chair. In addition, DHC has appointed Matthew Brown as Treasurer, effective October 1, 2023. Mr. Brown is a Senior Vice President of The RMR Group where he oversees the accounting and finance functions.

Mr. Brown is a certified public accountant and previously served as Chief Financial Officer of Office Properties Income Trust . On September 25, 2023, Daniel F. LePage and David A. Pierce each resigned as an Independent Trustee of its Board of Trustees, or the Board, effective that day. Messrs.

LePage and Pierce each advised the Board that his resignation was not the result of any disagreement with us, its management or the Board on any matter relating to its operations, policies or practices. Ms. Hollis, age 67, has served as the chief executive officer of Hollis Advisory LLC since 2018. From 2014 until 2018, Ms. Hollis served as chief executive officer, chief marketing officer and chief operating officer for CAVU Securities, LLC, a New York based investment bank.

Ms. Hollis also founded Egerie Consulting, and served as its president from 2000 until 2010. In 1994, Ms. Hollis co-founded Utendahl Capital Partners, a minority owned investment bank. Ms. Hollis serves on the finance and investment committee for Guild Hall, a community arts, entertainment and education center.

Ms. Hollis also served as a trustee of several other non-profit company boards, mostly involved with the visual arts, and on various committees including strategic planning, investments/finance, impact initiatives and marketing. In 2020, Ms. Hollis launched a weekly podcast, Cerebral Women Art Talks, to promote and provide marketing services to visual artists, mainly artists of color, female artists and art professionals. Ms. Hollis previously served as an independent trustee of Seven Hills Realty Trust from 2022 to 2023.

Mr. Brown, age 41, has been a senior vice president of its manager, The RMR Group LLC, or RMR, since 2019 and has served in various finance and accounting leadership roles with RMR and its subsidiaries since 2007, including currently being responsible for the day to day oversight of the accounting and finance support functions of RMR and various affiliates. Mr. Brown also has served as chief financial officer and treasurer of Office Properties Income Trust since June 2019, but he has resigned from that position effective September 30, 2023. Mr. Brown is a certified public accountant.