Starlight U.S. Residential Fund Announces Cash Distribution on Outstanding Class A Units, Class C Units, Class D Units, Class E Units, Class F Units, Class G, Class I and Class U Units, Payable on June 15, 2022
May 16, 2022 at 08:30 am EDT
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Starlight U.S. Residential Fund announced its May 2022 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 June 15, 2022
to holders of Units of record at May 31, 2022. 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 will be as follows: CAD 0.03268 per Class A Unit and Class D Unit, representing approximately CAD 0.39221 per Unit on an annualized basis; CAD 0.03450 per Class C Unit and Class I Unit, representing approximately CAD 0.41395 per Unit on an annualized basis; USD 0.03372 per Class E Unit, representing approximately USD 0.40463 per Unit on an annualized basis; CAD 0.03372 per Class F Unit, representing approximately CAD 0.40463 per Unit on an annualized basis; and USD 0.03268 per Class G Unit and Class U Unit, representing approximately USD 0.39221 per Unit on an annualized basis.
Starlight U.S. Residential Fund (the Fund) is a Canada-based closed-end trust. The Fundâs investment objectives are to indirectly acquire, own and operate a portfolio primarily composed of income producing multi-family and single- family residential rental properties in the United States residential real estate market that can achieve significant increases in rental rates as a result of undertaking high return, value-add capital expenditures and active asset management. The Company owns a portfolio of multi-family and single-family residential rental properties in the United States of America residential real estate market located primarily in Arizona, California, Colorado, Florida, Georgia, Idaho, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah and Washington. The Company operates approximately 42 single-family residential rental homes in Atlanta, Georgia. The Fund is managed by Starlight Investments US AM Group LP.
Starlight U.S. Residential Fund Announces Cash Distribution on Outstanding Class A Units, Class C Units, Class D Units, Class E Units, Class F Units, Class G, Class I and Class U Units, Payable on June 15, 2022