Starlight U.S. Residential Fund Announces Distributions for December 2021, Payable on January 17, 2022
December 15, 2021 at 05:03 pm EST
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Starlight U.S. Residential Fund 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 payable on January 17, 2022 to holders of Units of record at December 31, 2021 CAD 0.04943 per Class A Unit and Class D Unit, representing approximately CAD 0.39221 per Unit on an annualized basis; CAD 0.05217 per Class C Unit and Class I Unit, representing approximately CAD 0.41395 per Unit on an annualized basis; USD 0.05099 per Class E Unit, representing approximately USD 0.40463 per Unit on an annualized basis; CAD 0.05099 per Class F Unit, representing approximately CAD 0.40463 per Unit on an annualized basis; and USD 0.04943 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.