Morguard Sunstone Real Estate Income Fund Liquidation and Payment Schedule
VANCOUVER, June 19, 2013 /PRNewswire/ - Sunstone Investment Management Inc. (the "Manager"), the manager for Morguard Sunstone Real Estate Income Fund (the "Fund") (TSX: MSN.UN), announces that the portfolio of the Fund has been entirely liquidated to cash as part of the process to wind-up the Fund.
The Fund's net asset value per Class A unit and Class F unit as of the date hereof are approximately $11.48 and $12.06, respectively. The Manager confirms the delisting of the Class A units from the Toronto Stock Exchange will occur as at the close of trading on June 21, 2013.
The payment of the net asset value for the Class A units and the Class F units to unitholders of record on June 21, 2013 is scheduled to be made on June 28, 2013.
Additional information about Morguard Sunstone Real Estate Income Fund is available at www.sunstoneinvestments.com or www.sedar.com. Further Information about Morguard Financial Corp., the Investment Manager, is available at www.morguard.com.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
Certain statements in this news release constitute forward-looking statements, including, but not limited to, the date of delisting of the Class A units of the Fund from the Toronto Stock Exchange and the timing of the payments of the net asset value to the holders of Class A units and Class F units of the Fund. Forward-looking information can often be identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund and the Manager. The forward-looking statements are not historical facts but reflect the Fund's and the Manager's current expectations regarding future events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, economic conditions affecting real estate investment trusts and real estate operating companies and the companies that provide services to them, general economic and business conditions, the receipt of any necessary regulatory approvals and other factors which are not currently known, as well as changes in the global economy, general economic and business conditions, existing governmental regulations and other market factors specific to the real estate sector. Although the Fund and the Manager believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund and the Manager undertake no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or such other factors which affect this information, except as required by law. For a complete disclosure record for the Fund please visit the Fund's profile on www.sedar.com.
SOURCE Morguard Sunstone Real Estate Income Fund