/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO,
Nov. 19, 2013 /CNW/ - Starlight U.S.
Multi-Family Core Fund (TSX.V: UMF.A, UMF.U) (the "Fund")
announced today the cash distribution on the outstanding Class A
Units, Class C Units, Class F Units, Class I Units and Class U
Units (collectively, the "Units") for the period from
November 1, 2013 to November 30, 2013. The distribution amounts will
be as follows:
i. C$0.05663 per Class A Unit;
ii. C$0.06411 pr Class C Unit;
iii. C$0.06267 per Class F Unit;
iv. C$0.06075 per Class I Unit; and
v. US$0.05636 per Class U Unit.
The distribution will be paid on December 16, 2013 to unitholders of record as at
November 29, 2013. The distribution
amounts in respect of the Class A Units, Class F Units, Class I
Units and Class U Units reflect the applicable Agents' Fee (as
defined in the Fund's second amended and restated limited
partnership agreement dated May 22,
2013) that such classes of Units were subject to. The
distributions in respect of the Class A Units, Class C Units, Class
F Units and Class I Units were determined in U.S. dollars and
converted into Canadian dollars at the spot rate available.
About Starlight U.S. Multi-Family 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.
Forward-Looking Information
This news release contains statements that may
constitute forward-looking information within the meaning of
Canadian securities laws and which reflect the Fund's current
expectations regarding future events, including statements
concerning: the payment of distributions; national and local real
estate market conditions and economic variables; rental rates; and
occupancy rates. Particularly, statements regarding future results,
performance, achievements, prospects or opportunities for the Fund
or the real estate industry are forward-looking statements. In some
cases, forward-looking information can be identified by terms such
as "may", "might", "will", "could", "should", "would", "occur",
"expect", "plan", "anticipate", "believe", "intend", "seek", "aim",
"estimate", "target", "project", "predict", "forecast",
"potential", "continue", "likely", "schedule", or the negative
thereof or other similar expressions concerning matters that are
not historical facts.
The forward-looking information in this news
release involves risks and uncertainties, including those set forth
in the Fund's materials filed with the Canadian securities
regulatory authorities from time to time at www.sedar.com. Actual
results could differ materially from those projected herein. Those
risks and uncertainties include, among other things, risks related
to: reliance on the Fund's manager; the experience of the Fund's
officers and directors; substitutes for residential real estate
rental suites; reliance on property management; competition for
real property investments and tenants; U.S. market factors; and
currency exchange rates.
Information contained in forward-looking
information is based upon certain material assumptions that were
applied in developing such forward looking information including
management's perceptions of historical trends, current conditions
and expected future developments, as well as other considerations
that are believed to be appropriate in the circumstances, including
the following: the inventory of multi-family real estate
properties; the population of multi-family real estate market
participants; assumptions about the markets in which the Fund
operates; the ability of the manager of the Fund to manage and
operate the properties; the global and North American economic
environment; foreign currency exchange rates; and governmental
regulations or tax laws. Readers are cautioned against placing
undue reliance on forward-looking statements. Except as required by
applicable Canadian securities laws, neither the Fund nor its
manager undertakes any obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
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 Fund