/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
TORONTO, April 15, 2021 /CNW/ - Starlight U.S.
Multi-Family (No. 2) Core Plus Fund (TSXV: SCPT.A) (TSXV: SCPT.U)
(the "Fund") today announced its April 2021 cash distribution amounts on its
outstanding Class A Units, Class C Units, Class D Units, Class E
Units, Class F Units, Class G and Class U Units (collectively, the
"Units"), payable on May 17,
2021 to holders of Units of record at April 30, 2021. The distribution amounts will be
as follows:
- C$0.03333 per Class A Unit,
representing approximately C$0.40 per
Unit on an annualized basis;
- C$0.03333 per Class C Unit,
representing approximately C$0.40 per
Unit on an annualized basis;
- C$0.03333 per Class D Unit,
representing approximately C$0.40 per
Unit on an annualized basis;
- US$0.03333 per Class E Unit,
representing approximately C$0.40 per
Unit on an annualized basis;
- C$0.03333 per Class F Unit,
representing approximately C$0.40 per
Unit on an annualized basis;
- US$0.03333 per Class G Unit,
representing approximately US$0.40
per Unit on an annualized basis; and
- US$0.03333 per Class U Unit,
representing approximately US$0.40
per Unit on an annualized basis.
Conversion Ratios
In addition, the Fund today announced the Unit conversion ratios
for all convertible units in accordance with, and subject to
compliance with, the terms and conditions of the Fund's amended and
restated limited partnership agreement dated as of March 19, 2021. For each Unit so converted, a
holder will receive that number of Units set out below:
Canadian Dollar Dominated Units
A to D: 1.00
Class A unit converts to 1.00 Class D unit
C to A: 1.00 Class C unit converts to 1.05541 Class A unit
D to A: 1.00 Class D unit converts to 1.00 Class A unit
F to A: 1.00 Class F unit converts to 1.03166 Class A unit
U.S. Dollar Dominated Units
U to G: 1.00 Class
U unit converts to 1.00 Class G unit
G to U: 1.00 Class G unit converts to 1.00 Class U unit
E to U: 1.00 Class E unit converts to 1.03166 Class U unit
About Starlight U.S. Multi-Family (No. 2) Core Plus
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 income producing rental properties in the United States 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. 2) Core Plus Fund