/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
TORONTO, Jan. 15, 2019 /CNW/ - Starlight U.S. Multi-Family
(No. 5) Core Fund (TSXV: STUS.A) (TSXV: STUS.U) (the "Fund")
today announced its January 2019 cash
distribution amounts on its outstanding Class A Units, Class C
Units, Class D Units, Class E Units, Class F Units, Class H Units
and Class U Units (collectively, the "Units"), payable on
February 15, 2019 to holders of Units
of record at January 31, 2019. The
distribution amounts will be as follows:
- C$0.05417 per Class A Unit,
representing approximately C$0.65 per
Unit on an annualized basis;
- C$0.05417 per Class C Unit,
representing approximately C$0.65 per
Unit on an annualized basis;
- C$0.05417 per Class D Unit,
representing approximately C$0.65 per
Unit on an annualized basis;
- US$0.05417 per Class E Unit,
representing approximately US$0.65
per Unit on an annualized basis;
- C$0.05417 per Class F Unit,
representing approximately C$0.65 per
Unit on an annualized basis;
- C$0.02917 per Class H Unit,
representing approximately C$0.65 per
Unit on an annualized basis less a portion of the cost of the
derivative instrument purchased by the Fund to provide the holders
of Class H Units with some protection against any weakening of the
U.S. dollar as compared to the Canadian dollar on termination and
liquidation of the Fund (the "Class H Unit Liquidation
Hedge"); and
- US$0.05417 per Class U Unit,
representing approximately US$0.65
per Unit on an annualized basis.
A wholly-owned subsidiary of Starlight Group Property Holdings
Inc., the manager of the Fund, may at its sole discretion,
discontinue the Class H Unit Liquidation Hedge in the event that
derivative instruments are not available on an economical basis or
the manager determines that the continuation of the Class H Unit
Liquidation is no longer in the best interests of holders of Class
H Units.
About Starlight U.S. Multi-Family (No. 5) Core Fund
The Fund is a limited partnership formed under the Limited
Partnerships Act (Ontario) for
the primary purpose of indirectly acquiring, owning and operating a
portfolio of diversified income producing rental properties in the
U.S. multi-family real estate market.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Starlight U.S. Multi-Family (No. 5) Core Fund