Mr. Evan Kirsh reports
STARLIGHT U.S. MULTI-FAMILY (NO. 2) CORE PLUS FUND ANNOUNCES APRIL 2021 DISTRIBUTIONS AND CONVERSION RATIOS
Starlight U.S. Multi-Family (No. 2) Core Plus Fund has declared 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, payable on May 17, 2021, to holders of units of record at April 30, 2021. The distribution amounts will be as follows:
- 33.33 cents per Class A unit, representing approximately 40 cents per unit on an annualized basis;
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33.33 cents per Class C unit, representing approximately 40 cents per unit on an annualized basis;
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33.33 cents per Class D unit, representing approximately 40 cents per unit on an annualized basis;
- 33.33 U.S. cents per Class E unit, representing approximately 40 cents per unit on an annualized basis;
-
33.33 cents per Class F unit, representing approximately 40 cents per unit on an annualized basis;
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33.33 U.S. cents per Class G unit, representing approximately 40 U.S. cents per unit on an annualized basis;
- 33.33 U.S. cents per Class U unit, representing approximately 40 U.S. cents 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 units
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 units
United States-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 units
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 multifamily real estate market.
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