The TSX Venture Exchange has accepted for filing documentation from Starlight U.S. Multi-Family (No. 2) Core Plus Fund in relation to the following:

• Purchase and sale agreement dated June 25, 2025, between the fund's subsidiary, Hudson East Acquisition LLC, and an arm's-length purchaser with respect to the sale of the fund's Hudson at East property, comprising 275 multifamily suites in Florida, for a cash consideration of $68.35-million;
• Purchase and sale agreement dated June 4, 2025, between the fund's subsidiary, Montane Acquisition LLC, and an arm's-length purchaser, with respect to the sale of the fund's Montane Apartments property, comprising 400 multifamily suites in Colorado, for a cash consideration of $133-million;
• In addition, the exchange received notice from the fund about the foreclosure of fund's Summermill property, comprising 320 suites, in North Carolina. For more information, refer to the fund's news release dated Aug. 12, 2025.

Notice of final distribution and due-bill trading

On Nov. 25, 2025, the fund announced the final distribution from the fund on its outstanding units, payable to holders of units of record at Dec. 15, 2025. The final distribution amounts are estimated as outlined below and are expected to be paid on Dec. 18, 2025, with all issued and outstanding units being cancelled in exchange for such distribution in connection with the dissolution of the fund on Dec. 18, 2025. Subsequent to the final distribution, the unitholders will have been deemed to have liquidated their interest in the fund with no remaining net assets being retained by the fund, other than those to finalize payment of any remaining wind-up or dissolution costs. The final distribution amounts will be approximately as follows, subject to prevailing foreign exchange rates:

• 26.85 Canadian cents per Class A unit (SCPT.A);
• 31.84 Canadian cents per Class C unit (unlisted);
• 26.85 Canadian cents per Class D unit (unlisted);
• 27.79 U.S. cents per Class E unit (unlisted);
• 29.70 Canadian cents per Class F unit (unlisted);
• 25.00 U.S. cents per Class G unit (unlisted);
• 25.00 U.S. cents per Class U unit (SCPT.U).

Conversions between classes of the fund's units will cease on Dec. 15, 2025, in order to facilitate the final distribution.

Record date:  Dec. 15, 2025.

Due-bill period:  Dec. 15, 2025, to Dec. 18, 2025, inclusive

Payable date/final distribution date:  Dec. 18, 2025

Fund dissolution date:  Dec. 18, 2025

Due-bill redemption date:  Dec. 19, 2025

For more information, refer to the fund's news release dated Nov. 25, 2025.

Delisting

Effective at the close of business on Thursday, Dec. 18, 2025, all Class A and Class U units of the fund will be delisted from the TSX Venture Exchange.