Sunstone Opportunity (2007) Realty Trust (the “Trust”) and Sunstone Opportunity (2007) Mortgage Fund (the “Mortgage Fund”) announced the sale of the last remaining property in their initial portfolio with the sale of Health Plus Professional building, located in Calgary, AB. The sale was complete on October 6, 2021.
As a result of the disposition, the Mortgage Fund paid a special final distribution in the amount of $266,200 ($6.05 per unit) to unitholders of record as of December 15, 2021, with a payable date of December 23, 2021.
The Trust and the Mortgage Fund also provided notice to The Canadian Depository for Securities Limited (“CDS”) its intention to terminate and dissolve, and subsequently completed the dissolution on December 31, 2021. The notice, among other things, further specified the termination date and the location at which CDS is to surrender the certificates representing the units for cancellation.
PRICING UPDATE
Due to the fund’s dissolution on December 31, 2021, the Realty Trust will no longer be issuing a fair market valuation report.
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