/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, Oct. 16, 2017 /CNW/ - Starlight U.S. Multi-Family
(No. 5) Core Fund (TSX.V: STUS.A, STUS.U) (the "Fund") today
announced its October 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
November 15, 2017 to holders of Units
of record at October 31, 2017. The
distribution amounts will be as follows:
i.
|
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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|
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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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|
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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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|
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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.
|
Starlight Group Property Holdings Inc., 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.
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 properties in the
U.S. multi-family real estate market.
To learn more about the Fund,
visit www.starlightus.com.
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