Starlight Capital Announces Distribution Reinvestment Plan for ETFs
TORONTO--(BUSINESS WIRE)--Nov 18, 2019--
Starlight Investments Capital LP (“Starlight Capital”), on behalf of Starlight Global Real Estate Fund (NEO: SCGR) and Starlight Global Infrastructure Fund (NEO: SCGI) (collectively, the “Funds”), is pleased to announce that it has implemented a distribution reinvestment plan (the “Plan”) for eligible holders (“Unitholders”) of exchange-traded series of units (“ETF Units”), effective November 12, 2019.
The Plan intends to provide Unitholders an opportunity to acquire additional ETF Units at the average price paid (excluding brokerage commissions, fees and all transaction costs) per ETF Unit during the five business days following the distribution payment date for all the ETF Units purchased by the plan agent. The Plan provides an efficient and cost-effective way for the Funds to provide existing Unitholders with additional equity. Only future dividends declared by the Funds will be eligible for reinvestment of the Plan.
A Unitholder may terminate or modify their participation in the Plan at any time. Interested Unitholders should contact their brokers and consult the full text of the Plan. A copy of the Plan is available on www.sedar.com or can be requested from our Advisor and Investor Experience Department (contact details below).
About Starlight Global Real Estate Fund
The Fund’s investment objective is to provide regular current income by investing globally primarily in real estate investment trusts (REITs) and equity securities of corporations participating in the residential and commercial real estate sector.
About Starlight Global Infrastructure Fund
The Fund’s investment objective is to provide regular current income by investing globally in companies with either direct or indirect exposure to infrastructure.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191118005921/en/
CONTACT: Marco Drumonde
Director, Advisor & Investor Experience
Senior Vice-President, National Sales & Distribution
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: BANKING COMMUNICATIONS PROFESSIONAL SERVICES PUBLIC RELATIONS/INVESTOR RELATIONS
SOURCE: Starlight Investments Capital LP
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PUB: 11/18/2019 06:00 PM/DISC: 11/18/2019 06:00 PM