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Starlight Hybrid Global Real Assets Trust Announces Closing of $8.3M Private Placement

December 17, 2019 GMT

TORONTO--(BUSINESS WIRE)--Dec 17, 2019--

Starlight Investments Capital LP (“Starlight Capital” or the “Investment Manager”) is pleased to announce that Starlight Hybrid Global Real Assets Trust (the “Trust”) (NEO: SCHG.UN) has closed its private placement offering (the “Offering”), consisting of both a brokered private placement of Series B units (“Series B Units”) and Series F units (“Series F Units”) of the Trust (the “Brokered Offering”) and a non-brokered private placement of Series C units (“Series C Units”) of the Trust for aggregate gross proceeds of $8,318,965.

Pursuant to the Offering, the Trust has issued an aggregate of 35,650 Series B Units (of which 26,738 Series B Units were issued pursuant to the Brokered Offering), 538,543 Series F Units, and 186,486 Series C Units at the offer price of $11.22, $10.93 and $10.90, respectively.

The net proceeds of the Offering will be used to purchase securities for the Trust’s portfolio in accordance with the Trust’s investment objectives and investment strategy and for general operating purposes.

The syndicate of agents for the Brokered Offering was led by Stifel Nicolaus Canada Inc.

Starlight Capital, on behalf of the Trust, also announced today the December 2019 distributions for Series B Units and Series F Units. Unitholders of record will receive cash “per-unit” distributions as per the below schedule:

Starlight Hybrid Global Real Assets Trust Series B and Series F(Unlisted)

Dividend Rate

Ex-Div Date

Record Date

Payable Date

$ 0.0416667

30-Dec-19

31-Dec-19

15-Jan-20

The tax composition of the Trust ’s distributions will be determined on an annual basis and will be available only after the Trust ’s tax year-end.

About Starlight Hybrid Global Real Assets Trust

The Trust’s investment objective is to provide unitholders with stable monthly 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 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 $12.0 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 200 professionals. Please visit us at www.starlightcapital.com and connect with us on LinkedIn.

This press release is not an offer of securities for sale in the United States, and the securities described in this press release may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933. The NEO Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “scheduled”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur or be achieved. Forward-looking information includes, without limitation, statements with respect to the completion of the proposed Offering.

By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. Known and unknown risk factors, many of which are beyond the control of the Trust could cause actual results to differ materially from the forward-looking information in this press release. Accordingly, readers should not place undue reliance on forward-looking information. The Trust does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005670/en/

CONTACT: Lou Russo

Senior Vice President, National Sales & Distribution

416-565-1619

lrusso@starlightcapital.comDennis Mitchell

Chief Executive Officer &

Chief Investment Officer

416-855-2642

dmitchell@starlightcapital.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Starlight Investments Capital LP

Copyright Business Wire 2019.

PUB: 12/17/2019 11:48 AM/DISC: 12/17/2019 11:48 AM

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