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Starlight U.S. Residential (Multi-Family) Investment LP Announces Completion of Reorganization Transaction
Starlight U.S. Residential (Multi-Family) Investment LP (TSXV: SURF.UN) (“SURF LP”) has completed a reorganization transaction (the “Reorganization”) for Starlight U.S. Residential Fund (the “Fund”), following the approval of the TSXV, applicable lenders and the unitholders of the Fund.
As a result of the Reorganization, SURF LP now carries on the multi-family business previously carried on by the Fund. Unitholders will receive Canadian dollar-denominated Class A units of SURF LP (the “LP Units”), with each unitholder receiving LP Units based on the applicable exchange ratios corresponding to their holdings in the Fund. SURF LP has become a reporting issuer, with the LP Units trading on the TSXV under the ticker “SURF.UN”. The Fund has ceased to be a reporting issuer and has had its Class A and Class U Units delisted from the TSXV.
Wildeboer Dellelce represented the Special Committee of the Fund in connection with the Reorganization with a team comprised of Perry Dellelce, Michael Rennie, Joel Fraser, Alex Karlsen and Jordan Stewart-Kuppek (Corporate Finance and Securities / Mergers and Acquisitions).
Full details can be found here.
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