TORONTO--(BUSINESS WIRE)--Starlight Private Global Real Assets Trust (formerly, Starlight Hybrid Global Real Assets Trust) (the “Trust”) has completed the reorganization of the Trust into a private investment trust (the “Reorganization”) as approved by unitholders of the Trust at the special meeting held on July 28, 2021, and as further described in the management information circular dated June 22, 2021 (the “Circular”) sent to unitholders on June 30, 2021.
In connection with the Reorganization, the series A units of the Trust were delisted from the Neo Exchange effective August 12, 2021, and all of the issued and outstanding series A units of the Trust were automatically redesignated as series C units effective August 20, 2021. Holders of series A units received that number of series C units having a net asset value equal to the net asset value of a redesignated series A unit, being 0.954903 series C units per series A unit so redesignated. The series C units have been renamed “Series F Units” of the Trust.
As a result of the Reorganization, the Trust’s distribution payment dates for the remainder of the year have changed as follows:
Starlight Private Global Real Assets Trust Series F |
||
Dividend Rate |
Record Date |
Payable Date |
$0.0433 |
30-Aug-21 |
31-Aug-21 |
$0.0433 |
29-Sep-21 |
30-Sep-21 |
$0.0433 |
28-Oct-21 |
29-Oct-21 |
$0.0433 |
29-Nov-21 |
30-Nov-21 |
$0.0433 |
30-Dec-21 |
31-Dec-21 |
The Trust will remain a reporting issuer after the Reorganization. Further information regarding the Reorganization was outlined in the Circular. The Circular is also available on SEDAR at www.sedar.com.
About Starlight Private Global Real Assets Trust
The Trust’s investment objective is to provide unitholders with stable cash distributions and long-term capital appreciation through exposure to institutional quality real assets in the global real estate and global infrastructure sectors.
About Starlight Capital and Starlight Investments
Starlight Capital is an independent asset management firm offering mutual funds, exchange-traded funds, offering memorandum funds and structured products. Our goal is to deliver superior risk adjusted returns to investors through a disciplined investment approach, Focused Business Investing. Starlight Capital is a wholly owned subsidiary of Starlight Investments. Starlight Investments is a privately held, full service, real estate investment and asset management company. The firm manages over $20.0 billion of assets on behalf of institutional joint ventures as well as publicly listed REITs, closed-end funds and investment funds and is driven by an experienced team of over 300 professionals. Please visit us at www.starlightcapital.com and connect with us on LinkedIn.