/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
TORONTO, Dec. 15, 2021 /CNW/ - Starlight U.S. Residential
Fund (TSXV: SURF.A) (TSXV: SURF.U) (the "Fund") today
announced its December 2021 cash
distribution amounts on its outstanding Class A Units, Class C
Units, Class D Units, Class E Units, Class F Units, Class G, Class
I and Class U Units (collectively, the "Units"), payable on
January 17, 2022 to holders of Units
of record at December 31, 2021. Class
C Unit distributions presented include those entitlements for
distributions related to Class B Units issued by a subsidiary of
the Fund which are economically equivalent to Class C Units of the
Fund. The distribution amounts cover the period from the Fund's
Initial Public Offering on November 15,
2021 to December 31, 2021 and
will be as follows:
- C$0.04943 per Class A Unit and
Class D Unit, representing approximately C$0.39221 per Unit on an annualized basis;
- C$0.05217 per Class C Unit and
Class I Unit, representing approximately C$0.41395 per Unit on an annualized basis;
- US$0.05099 per Class E Unit,
representing approximately US$0.40463
per Unit on an annualized basis;
- C$0.05099 per Class F Unit,
representing approximately C$0.40463
per Unit on an annualized basis; and
- US$0.04943 per Class G Unit and
Class U Unit, representing approximately US$0.39221 per Unit on an annualized basis.
About Starlight U.S. Residential Fund
The Fund is a trust formed under the laws of Ontario for the primary purpose of indirectly
acquiring, owning and operating a portfolio of income producing
multi-family and single-family residential rental properties in the
U.S. residential real estate market located primarily in
Arizona, California, Colorado, Florida, Georgia, Idaho, Nevada, North
Carolina, Oregon,
South Carolina, Tennessee, Texas, Utah
and Washington.
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. Residential Fund