Starlight U.S. Multi-Family (No. 1) Value-Add Fund announced its January 2018 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, payable on February 15, 2018 to holders of Units of record at January 31, 2018. The distribution amounts will be as follows: CAD 0.05000 per Class A Unit, representing approximately CAD 0.60 per Unit on an annualized basis; CAD 0.05000 per Class C Unit, representing approximately CAD 0.60 per Unit on an annualized basis; CAD 0.05000 per Class D Unit, representing approximately CAD 0.60 per Unit on an annualized basis; USD 0.05000 per Class E Unit, representing approximately USD 0.60 per Unit on an annualized basis; CAD 0.05000 per Class F Unit, representing approximately CAD 0.60 per Unit on an annualized basis; CAD 0.01667 per Class H Unit, representing approximately CAD 0.60 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; and USD 0.05000 per Class U Unit, representing approximately USD 0.60 per Unit on an annualized basis.