/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, July 17, 2017 /CNW/ - Starlight U.S. Multi-Family
(No. 5) Core Fund (TSX.V: STUS.A, STUS.U) (the "Fund") today
announced its July 2017 cash
distribution amounts on its outstanding Class A Units, Class C
Units, Class D Units, Class E Units, Class F Units, Class H Units
and Class U Units (collectively, the "Units"), payable on
August 15, 2017 to holders of Units
of record at July 31, 2017. The
distribution amounts will be as follows:
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i.
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C$0.05417 per Class A
Unit, representing approximately C$0.65 per Unit on an annualized
basis;
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ii.
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C$0.05417 per Class C
Unit, representing approximately C$0.65 per Unit on an annualized
basis;
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iii.
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C$0.05417 per Class D
Unit, representing approximately C$0.65 per Unit on an annualized
basis;
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iv.
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US$0.05417 per Class
E Unit, representing approximately US$0.65 per Unit on an
annualized basis;
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v.
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C$0.05417 per Class F
Unit, representing approximately C$0.65 per Unit on an annualized
basis;
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vi.
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C$0.02917 per Class H
Unit, representing approximately C$0.65 per Unit on an annualized
basis less a portion of the cost of the derivative instrument
purchased by the Fund to provide the holders of Class H Units with
some protection against any weakening of the U.S. dollar as
compared to the Canadian dollar on termination and liquidation of
the Fund (the "Class H Unit Liquidation Hedge");
and
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vii.
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US$0.05417 per Class
U Unit, representing approximately US$0.65 per Unit on an
annualized basis.
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The manager of the Fund may, at its sole discretion, discontinue
the Class H Unit Liquidation Hedge in the event that derivative
instruments are not available on an economical basis or the manager
determines that the continuation of the Class H Unit Liquidation is
no longer in the best interests of holders of Class H Units.
Timing of Release of Q2-2017 Results
The Fund intends to release its financial results for the
quarter ended June 30, 2017 after the
close of the TSX Venture Exchange on Thursday, August 10, 2017.
About Starlight U.S. Multi-Family (No. 5) 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
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. 5) Core Fund