VANCOUVER, Nov. 29, 2013 /CNW/ - Sunstone U.S. Opportunity Realty Trust (the "Issuer") is pleased to announce that in connection with the previous press release dated October 28, 2013 with respect to the special distribution by way of return of capital to the Unitholders, notice has been provided by Sunstone U.S. Realty Services (2008) Inc. (the "Trustee") of the Trustee's intention to terminate and dissolve the Issuer on or around December 31, 2013.
Pursuant to the Issuer's Declaration of Trust dated April 23, 2008, as amended by the Supplemental Indenture dated November 29, 2013, the notice of termination and dissolution (the "Notice") specifies that the holders of record ("Unitholders") of units (the "Units") of the Issuer as of December 16, 2013 will be paid a final distribution on December 18, 2013. The Notice further specifies the termination date and the location at which the Unitholders are to surrender certificates representing their Units for cancellation.
This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities referred to herein have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, United States persons absent United States registration or an applicable exemption from the United States registration requirements. This release does not constitute an offer for sale of securities in the United States.
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Issuer, including: expectations and assumptions concerning the date of termination and dissolution of the Issuer.
Although the Issuer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Issuer can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.
The forward-looking statements contained in this news release represent the Issuer's expectations as of the date hereof, and are subject to change after such date. The Issuer disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
SOURCE: Sunstone U.S. Opportunity Realty Trust
For further information:
Andrew Greig, Director of Business Development
Sunstone U.S. Opportunity Realty Trust
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail: [email protected]