Morguard Sunstone Real Estate Income Fund Announces Special Distribution

VANCOUVER, Jan. 4, 2013 /CNW/ - Sunstone Investment Management Inc., the Manager for the Morguard Sunstone Real Estate Income Fund (the "Fund") (TSX: MSN.UN), is pleased to announce today that it intends to pay out a special distribution of $0.3185 per Class A unit and $0.5947 per Class F unit to unitholders of record on December 31, 2012 (the "Record Date").

The special distributions are expected to be paid on or before January 15, 2013.

About Morguard Sunstone Real Estate Income Fund

The Fund, a closed-end investment fund, was created to provide Unitholders with the opportunity for (i) stable monthly distributions and (ii) long-term capital appreciation, through investment in an actively managed, diversified portfolio of publicly traded real estate securities, including securities of Canadian and United States real estate investment trusts and real estate operating companies and the companies that provide services to them and, to a lesser extent, bonds, convertible debentures and similar fixed-income securities, and securities of foreign issuers.

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.

SOURCE: Morguard Sunstone Real Estate Income Fund

For further information:

Andrew Greig, Investor Relations

Sunstone Investment Management Inc.
Suite 910, 925 West Georgia Street
Vancouver, BC  V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail: andrew@sunstoneadvisors.com