VANCOUVER, June 19, 2013 /CNW/ - 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
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