STARLIGHT U.S. MULTI-FAMILY (NO. 2) CORE PLUS FUND

Starlight U.S. Multi-Family (No. 2) Core Plus Fund

SCPT.A

CA85554C1041

Closed End Funds

Market Closed - Toronto S.E. Other stock markets 16:34:13 08/05/2024 BST			5-day change	1st Jan Change
3.5 ^CAD	+7.69%		0.00%	-16.67%

2022	Starlight US Multi-Family (No. 2) Core Plus Fund Swings to Loss in Q3, Revenue Rises; Distributions Paused Due to Elevated Interest Rates	MT
2022	Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces September 2022 Distributions, Payable on November 15, 2022	CI

Starlight U.S. Multi-Family (No. 2) Core Plus Fund Completes Refinancing of Existing Property and Acquisition of Class A Property in Raleigh, North Carolina

April 27, 2022 at 10:17 pm

Starlight U.S. Multi-Family (No. 2) Core Plus Fund announced that, further to its initial announcement dated March 31, 2022, it has completed the refinancing (Refinancing) of Hudson at East and acquired a Class A institutional quality multi-family property completed in 2002 and located in Raleigh, North Carolina (the Property). The USD 106.0 million purchase price was satisfied with cash proceeds from the Refinancing and new debt of approximately USD 87.9 million, including USD 81.5 million of initial funding and USD 6.4 million of future funding for capital expenditures.

The debt will be interest only and as at April 27, 2022 carries a blended rate of 3.92% and a blended term of approximately three years.

Latest news about Starlight U.S. Multi-Family (No. 2) Core Plus Fund

Starlight US Multi-Family (No. 2) Core Plus Fund Swings to Loss in Q3, Revenue Rises; Distributions Paused Due to Elevated Interest Rates	25/11/22	MT
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces September 2022 Distributions, Payable on November 15, 2022	17/10/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces September 2022 Distributions, Payable on October 17, 2022	15/09/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces Distribution for September 2022, Payable on October 17, 2022	15/09/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces August 2022 Distributions, Payable on September 15, 2022	15/08/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Declares July 2022 Distributions, Payable on August 15, 2022	15/07/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Declares June 2022 Distributions Payable on July 15, 2022	15/06/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces May 2022 Distributions, Payable on June 15, 2022	16/05/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Completes Refinancing of Existing Property and Acquisition of Class A Property in Raleigh, North Carolina	27/04/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund (TSXV:SCPT.A), a fund managed by Starlight Investments completed the acquisition of 320-suite Class A Institutional Quality Multi-family Property Located in Raleigh, North Carolina.	26/04/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces April 2022 Cash Distribution, Payable on May 16, 2022	19/04/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund to Refinance Existing Property and Acquire Class "A" Institutional Quality Property in Raleigh, North Carolina Comprising 320 Multi-Family Suites	31/03/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund (TSXV:SCPT.A), a fund managed by Starlight Investments, entered into a purchase and sale agreement to acquire 320-suite Class A Institutional Quality Multi-family Property Located in Raleigh, North Carolina for approximately $110 million.	30/03/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces March 2022 Cash Distribution, Payable on April 19, 2022	15/03/22	CI
Starlight Western Canada Multi-Family Raises Maximum Offering Size with Capacity to Buy Near $425 Million of B.C. Multi-Family Real Estate	22/02/22	MT
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces February 2022 Cash Distribution Amounts on Its Outstanding Class A Units, Class C Units, Class D Units, Class E Units, Class F Units, Class G and Class U Units, Payable on March 15, 2022	15/02/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces Its January 2022 Cash Distribution Amounts on Its Outstanding Class A Units, Class C Units, Class D Units, Class E Units, Class F Units, Class G and Class U Units Payable on February 15, 2022	17/01/22	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces Distributions for December 2021, Payable on January 17, 2022	15/12/21	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces November 2021 Distributions, Payable on December 15, 2021	15/11/21	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces Distributions for October 2021, Payable on November 15, 2021	15/10/21	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces September 2021 Distributions, Payable on October 15, 2021	15/09/21	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces August 2021 Distributions, Payable on September 15, 2021	16/08/21	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Reports Earnings Results for the Second Quarter and Year to Date Ended June 30, 2021	10/08/21	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces July 2021 Distributions, Payable on August 16, 2021	15/07/21	CI
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces June 2021 Distributions, Payable on July 15, 2021	15/06/21	CI

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Company Profile

Starlight U.S. Multi-Family (No. 2) Core Plus Fund (the Fund) is a Canada-based closed-end fund. The Fundâs investment objectives are to directly or indirectly acquire, own and operate a portfolio primarily composed of income-producing multi-family properties that demonstrate value based on pricing and local supply and demand trends to achieve the Fundâs target metrics or that can achieve significant increases in rental rates as a result of undertaking high return, light value-add capital expenditures and active asset management, and are located in the Primary Markets, with a particular focus on the suburban areas of Primary Submarkets; and make stable monthly cash distributions. The Fund owns interests in three properties, namely Montane Apartments, Hudson and Summermill consisting of 995 suites. The Fund is managed by Starlight Investments US AM Group LP.

Sector

Closed End Funds

Calendar

05/08/2024 - Q2 2024 Earnings Release (Projected)

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Sector Closed End Funds

	1st Jan change	Capi.
STARLIGHT U.S. MULTI-FAMILY (NO. 2) CORE PLUS FUND	-16.67%	5.72M
ARES CAPITAL CORPORATION	+5.57%	12.87B
FS KKR CAPITAL CORP.	-0.15%	5.6B
SPROTT PHYSICAL URANIUM TRUST FUND	+6.69%	5.48B
PIMCO DYNAMIC INCOME FUND	+6.63%	5.23B
SPROTT PHYSICAL SILVER TRUST	+23.39%	4.86B
SPROTT PHYSICAL GOLD AND SILVER TRUST	+20.50%	4.64B
MACQUARIE KOREA INFRASTRUCTURE FUND	+2.57%	4.11B
3I INFRASTRUCTURE PLC	+7.78%	4.01B
NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND	-0.23%	3.28B

Closed End Funds