Zinsser Names Its First-Ever Colour of the Year as 2026 Countdown Frenzy Begins Français
"We've been setting the stage for colour trends for generations and we're excited to be a part of the Colour of the Year conversation," says Martin Fuchs, Senior Brand Manager at Zinsser."While everyone else is preparing to pick 2026's hottest colour, we chose the essential one that makes them all possible. Primer doesn't just prep the wall; it preps the story. No colour truly pops without primer and no primer delivers like Zinsser."
Zinsser's 2026 Colour of the Year may be White – but the choice is anything but ordinary. It reflects more than 175 years of technical expertise, innovation and trusted performance. Since 1849, Zinsser has led the industry with forward-thinking solutions, earning its pride of place as the go-to primer for professionals and discerning DIYers alike. And speaking of DIYers, priming is the essential first step that too often gets skipped — and it shows. If a wall isn't in perfect shape, if they're making a bold colour change or simply wanting the best colour payoff, longest-lasting finish and most professional-looking result, starting with primer is always the right choice. Skipping it can mean uneven coverage, poor adhesion or faster wear — risks no DIYer wants after all their hard work.
Zinsser primers are formulated for more than just coverage; they're built to solve problems before they surface. Rich in resin and steeped in technical precision, each formula delivers performance where it matters most:
Adhesion: With exceptional bonding capabilities, Zinsser primers grip to even the trickiest surfaces: tile, glass, laminate and glossy finishes. That same tenacity ensures the top coat adheres beautifully and resists chipping, flaking or peeling over time.
Block, Seal, Hide: From water marks and nicotine stains to tannin bleed and more, Zinsser primers don't just mask; they contain. A number of specialized formulas also block odours and help inhibit the growth of mould and mildew, preserving both surface integrity and indoor air quality.
Coverage That Stretches Further: Zinsser Bulls Eye 1-2-3 ® Primer delivers standout flow and leveling, translating to more square feet per gallon and fewer coats required. Better performance means better for the budget and fewer compromises, too.
Fast Drying Efficiency: No time wasted. Zinsser B-I-N ® Primer dries in as little as 15 minutes allowing for same-day finishing and fast-moving projects without sacrificing quality.
Cold Weather Resilience: While others stall in the cold, Zinsser keeps going. Bulls Eye 1-2-3 ® Primer performs in temperatures as low as 1.7°C and B-I-N ® Primer can handle freezing conditions down to -17.8°C to extend the painting season in every sense.
Versatility That Earns Its Place: From wood and drywall to plaster, metal, masonry, vinyl and mixed materials, Zinsser primers are formulated to perform across a wide range of substrates and conditions. Nail heads, patchwork, multi-surface moments — covered, cleanly and completely.
From problem-solving prep to serious surface protection, Zinsser primers perform with purpose. And with a trusted line-up that includes Bulls Eye 1-2-3 ® Primer, B-I-N ® Primer, Cover Stain ® Primer, Odourless ® Primer, Covers Up ® Primer, Mould Stop ® Primer and Odour Killing ® Primer, Zinsser offers award-winning solutions for virtually every challenge – fast, flawlessly and without fuss. Zinsser primers are available at more than 2,000 retail locations across Canada including The Home Depot, RONA, Home Hardware, Canadian Tire and other leading paint and hardware retailers. To learn more about Zinsser's 2026 Colour of the Year, visit https://campaign.rustoleum.ca/zinsser-colour-of-the-year and follow @rustoleumca on Instagram.
About Zinsser
Where there's a problem, there's a Zinsser primer, sealer or coating. Known by the pro, loved by the DIYer. From mould and mildew to stains and protection, Zinsser makes it easy to resolve common issues in the home or on commercial projects. Professional quality, fast-drying formulas make problem solving simple.
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These measures may differ from those made by other companies and accordingly may not be comparable to such measures as reported by other companies. This release contains the terms "funds flow", "capital expenditures", "net debt", "net debt to EBITDA ratio", "field netback" and "cash netback" to analyze operating performance. Non-IFRS and other financial measures within this release may refer to forward-looking non-IFRS and other financial measures and are calculated consistently with the three and six months ended June 30, 2025 reconciliations as outlined below. Funds Flow Funds flow is a non-IFRS financial measure, calculated as cash flow from operating activities including proceeds from sale of investments and investment income received excluding effects of changes in non- cash working capital items and decommissioning expenditures settled. Management uses funds flow to determine the cash generated during a period. 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EBITDA is defined as net earnings excluding deferred consideration, finance costs, provision for current and deferred taxes, depletion and depreciation, share-based compensation, gain or loss on sale of assets, extinguishment of debt and unrealized gain or loss on risk management contracts. For more information about net debt or net debt to EBITDA ratio, please refer to Note 10 of the June 30, 2025 condensed financial statements. The following is a reconciliation of trailing twelve-month EBITDA to the most directly comparable IFRS measure, "Net earnings": Field and Cash Netback Field netback is a non-IFRS financial measure, calculated as oil and gas sales, realized gain (loss) on risk management contracts less royalties and productions costs. Field netback per BOE is a non- IFRS ratio, calculated as field netback divided by total barrels of oil equivalent produced during a specific period of time. There is no comparable measure in accordance with IFRS. This metric is used by management to evaluate the Company's ability to generate cash margin on a unit of production basis. Cash netback is a non-IFRS financial measure, calculated as field netback, proceeds on sale of investments and other income less office and administration, employee compensation, interest expense and current income taxes. Cash netback per BOE is a non-IFRS ratio, calculated as cash netback divided by total barrels of oil equivalent produced during a specific period of time. There is no comparable measure in accordance with IFRS. This metric is used by management to evaluate the Company's ability to generate cash flow from continuing corporate activities on a unit of production basis. Field and cash netback are calculated on per unit basis as follows: Forward Looking Information Certain statements contained in this release include statements which contain words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "will", "believe" and similar expressions, relating to matters that are not historical facts, and such statements of our beliefs, intentions and expectations about development, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and are based on certain assumptions and analysis made by us derived from our experience and perceptions. Forward-looking information in this release includes, but is not limited to: the Company's 2025 financial and operating guidance relating to production and capital expenditures; the Company's 2025 priorities and outlook; exploration and development activities; repayment of indebtedness; plans to continue funding the NCIB; oil and natural gas prices and demand; expansion and other development trends of the oil and gas industry; business strategy and outlook; expansion and growth of our business and operations; and other such matters. All such forward-looking information is based on certain assumptions and analyses made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. The risks, uncertainties, and assumptions are difficult to predict and may affect operations, and may include, without limitation: foreign exchange fluctuations; equipment and labour shortages and inflationary costs; general economic conditions; industry conditions; the impact on the Canadian energy industry of U.S. tariffs, changes to international trade agreements or the potential imposition of tariffs or other protectionist economic policies by the Canadian federal or provincial governments; applicable environmental, taxation and other laws and regulations as well as how such laws and regulations may limit growth or operations within the oil and gas industry; the impact of climate-related financial disclosures on financial results; the ability of the Company to raise capital, maintain its syndicated bank facility and refinance indebtedness upon maturity; the effect of weather conditions on operations and facilities; the existence of operating risks; volatility of oil and natural gas prices; oil and gas product supply and demand; risks inherent in the ability to generate sufficient cash flow from operations to meet current and future obligations; increased competition; stock market volatility; credit risks; climate change risks; cyber security; opportunities available to or pursued by us; and other factors, many of which are beyond our control. The foregoing factors are not exhaustive. In addition, to the extent that any forward-looking information presented herein constitutes future-oriented financial information or financial outlook, as defined by applicable securities legislation, such information has been approved by management of the Company and has been presented to provide management's expectations used for budgeting and planning purposes and for providing clarity with respect to the Company's strategic direction based on the assumptions presented herein and readers are cautioned that this information may not be appropriate for any other purpose. Actual results, performance or achievements could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do, what benefits will be derived therefrom. Except as required by law, Bonterra disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained herein is expressly qualified by this cautionary statement. Frequently recurring terms Bonterra uses the following frequently recurring terms in this press release: "WTI" refers to West Texas Intermediate, a grade of light sweet crude oil used as benchmark pricing in the United States; "MSW Stream Index" or "Edmonton Par" refers to the mixed sweet blend that is the benchmark price for conventionally produced light sweet crude oil in Western Canada; "AECO" is the benchmark price for natural gas in Alberta, Canada; "bbl" refers to barrel; "NGL" refers to Natural gas liquids; "MCF" refers to thousand cubic feet; "MMBTU" refers to million British Thermal Units; "GJ" refers to gigajoule; and "BOE" refers to barrels of oil equivalent. Disclosure provided herein in respect of a BOE may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 MCF: 1 bbl is based on an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. References in this press release to peak rates, initial production rates, test rates and other short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long-term performance or of ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production of Bonterra. The Company cautions that such results should be considered preliminary. The reporting and the functional currency of the Company is the Canadian dollar. SOURCE Bonterra Energy Corp.
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STARLIGHT WESTERN CANADA MULTI-FAMILY (NO. 2) FUND ANNOUNCES Q2-2025 OPERATING RESULTS INCLUDING YEAR-OVER-YEAR RENT GROWTH OF 3.7% Français English
TORONTO, Aug. 14, 2025 /CNW/ - Starlight Western Canada Multi-Family (No. 2) Fund (the "Fund") announced today its results of operations and financial condition for the three months ended June 30, 2025 ("Q2-2025") and six months ended June 30, 2025 ("YTD-2025"). Certain comparative figures are included for the Fund's financial and operational performance as at December 31, 2024, for the three months ended June 30, 2024 ("Q2-2024") and for the six months ended June 30, 2024 ("YTD-2024"). All amounts in this press release are in thousands of Canadian dollars except for average monthly rent ("AMR") 1, or unless otherwise stated. "We are pleased to announce another quarter of strong operating results with the Starlight Western Canada Multi-Family (No. 2) Fund achieving year-over-year average monthly rent growth of 3.7%," commented Neil Fischler, Executive Vice President. "Management continues to focus on increasing net operating income at its properties." Q2-2025 HIGHLIGHTS The Fund achieved AMR growth of approximately 3.7% between Q2-2024 and Q2-2025, continuing to be driven by sustained demand for multi-family suites due to continuing economic strength and overall immigration levels in Canada and in particular, Vancouver Island and the mainland of the Province of British Columbia ("BC") (collectively, the "Primary Markets") The Fund reported physical occupancy 1 of 98.4% for the nine multi-family properties owned (the "Properties") as at June 30, 2025. Revenue from property operations and net operating income ("NOI") 1 for Q2-2025 were $5,452 and $3,802 (Q2-2024 - $5,374 and $3,760), respectively, representing an increase of 1.5% in revenue and an increase of 1.1% in NOI relative to Q2-2024, primarily due to higher AMR. The Fund reported a net income and comprehensive income attributable to the unitholders of the Fund (the "Unitholders') for Q2-2025 of $177 (Q2-2024 - income of $1,692). The net income and comprehensive income in Q2-2024 was primarily attributable to fair value adjustment on investment properties. The Fund had approximately $5,003 of available liquidity as at June 30, 2025, including $3,400 of availability under the Fund's credit facility. As at August 13, 2025, the Fund had collected approximately 99.4% of rents for Q2-2025, with further amounts expected to be collected in future periods, demonstrating the Fund's high quality resident base and operating performance. Adjusted funds from operations ("AFFO") 1 for Q2-2025 was $964 (Q2-2024 - $591), representing an increase of $373 or 63.1% relative to Q2-2024 primarily due to an increase in NOI as well as lower finance costs and fund and trust expenses. 1 This metric is a non-IFRS measure. Non-IFRS financial measures do not have standardized meanings prescribed by IFRS (see "Non-IFRS Financial Measures and Reconciliations"). YTD-2025 HIGHLIGHTS Revenue from property operations and NOI for YTD-2025 were $10,912 and $7,599 (YTD-2024 - $10,625 and $7,405), respectively, representing an increase of 2.7% and 2.6% relative to YTD-2024. These increases were primarily due to higher AMR. The Fund reported a net income and comprehensive income attributable to Unitholders for YTD-2025 of $68 (YTD-2024 - $8,360). The higher net income and comprehensive income in YTD-2024 was primarily attributable to fair value adjustment on investment properties and incremental interest on historical balances received from the Fund's corporate banking provider. AFFO for YTD-2025 was $1,943 (YTD-2024 - $999), representing an increase of $944 or 94.5% relative to YTD-2024 primarily due to an increase in NOI as well as lower finance costs and fund and trust expenses. FINANCIAL CONDITION AND OPERATING RESULTS Highlights of the financial and operating performance of the Fund as at June 30, 2025, for Q2-2025 and YTD-2025, including a comparison to December 31, 2024, Q2-2024 and YTD-2024, as applicable, are provided below: June 30, 2025 December 31, 2024 Key multi-family operational information Number of multi-family properties owned 9 9 Total multi-family suites 944 944 Economic occupancy (1)(2) 89.7 % 91.3 % Physical occupancy (1) 98.4 % 94.9 % AMR (in actual dollars) $ 2,039 $ 2,000 AMR per square foot (in actual dollars) $ 2.60 $ 2.56 Selected financial information Gross book value (2) $ 414,830 $ 414,480 Indebtedness (2) $ 268,117 $ 269,546 Indebtedness to gross book value (2) 64.6 % 65.0 % Weighted average interest rate - as at period end (3) 3.25 % 3.28 % Weighted average loan term to maturity 4.59 years 5.09 years Q2-2025 Q2-2024 YTD-2025 YTD-2024 Summarized income statement Revenue from property operations $ 5,452 $ 5,374 $ 10,912 $ 10,625 Property operating costs (1,158) (1,128) (2,401) (2,379) Property taxes (492) (486) (912) (841) Adjusted Income from Operations / NOI 3,802 3,760 7,599 7,405 Fund and trust expenses (550) (591) (1,076) (1,189) Finance costs (4) (2,575) (2,915) (5,150) (5,783) Other income and expense (5) (854) 1,438 (1,305) 7,927 Net (loss) income and comprehensive (loss) income - attributable to Unitholders $ (177) $ 1,692 $ 68 $ 8,360 Other selected financial information Funds from operations ("FFO") (2) $ 677 $ 254 $ 1,373 $ 433 FFO per Unit - basic and diluted 0.05 0.02 0.11 0.03 AFFO 964 591 1,943 999 AFFO per Unit - basic and diluted 0.07 0.05 0.15 0.08 Weighted average interest rate - average during period 3.25 % 3.44 % 3.26 % 3.44 % Interest coverage ratio (2) 1.51 x 1.38 x 1.51 x 1.30 x Indebtedness coverage ratio (2) 1.03 x 0.99 x 1.03 x 0.94 x Distributions to Unitholders $ 1,132 $ 1,089 $ 2,264 $ 2,086 Weighted average Units outstanding - basic and diluted (000s) 12,932 12,970 12,937 12,973 (1) Economic Occupancy for Q2-2025 and Q4-2024 and Physical Occupancy as at the end of each applicable reporting period. The Fund's Economic Occupancy for Q2-2025 was 89.7% including the impact of any concessions to residents. Physical occupancy at the end of the period was 98.4% as the Fund focused on increasing the Physical Occupancy at the Properties. (2) This metric is a non-IFRS measure. Non-IFRS financial measures do not have standardized meanings prescribed by IFRS (see "Non-IFRS Financial Measures and Reconciliations"). (3) The weighted average interest rate on loans payable is presented as at June 30, 2025 and December 31, 2024, respectively. (4) Finance costs include interest expense on loans payable as well as non-cash amortization of deferred financing costs and other financing costs. (5) Includes distributions to Unitholders, fair value adjustment of investment properties, provision for carried interest and one time interest income. NON-IFRS FINANCIAL MEASURES AND RECONCILIATIONS The Fund's condensed consolidated interim financial statements are prepared in accordance with IFRS Accounting Standards ("IFRS"). Certain terms that may be used in this press release such as AFFO, AMR, adjusted net income and comprehensive income, cash provided by operating activities including interest costs, economic occupancy, physical occupancy, FFO, gross book value, indebtedness, indebtedness coverage ratio, indebtedness to gross book value, interest coverage ratio and NOI (collectively, the "Non-IFRS Measures") as well as other measures discussed elsewhere in this press release, are not measures defined under IFRS as prescribed by the International Accounting Standards Board, do not have standardized meanings prescribed by IFRS and are, therefore, unlikely to be comparable to similar measures as reported by other issuers. The Fund uses these measures to better assess its underlying performance and provides these additional measures so that investors may do the same. Information on the most directly comparable IFRS measures, composition of the Non-IFRS Measures, a description of how the Fund uses these measures, and an explanation of how these Non-IFRS Measures provide useful information to the investors are set out in the Fund's management's discussion and analysis ("MD&A") in the "Non-IFRS Financial Measures" section for Q2-2025 and are available on the Fund's profile on SEDAR+ at which is incorporated by reference into this press release. A reconciliation of the Fund's interest coverage ratio and indebtedness coverage ratio are provided below: (1) Non-cash or one-time items consist of amortization of deferred financing costs, fair value adjustment on investment properties, interest income and provision for carried interest. (2) This metric is a non-IFRS measure. Non-IFRS financial measures do not have standardized meanings prescribed by IFRS (see "Non-IFRS Financial Measures and Reconciliations"). (3) Interest coverage ratio is calculated as adjusted net income and comprehensive income plus interest expense, divided by interest expense. (4) Indebtedness coverage ratio is calculated as adjusted net income and comprehensive income plus interest expense, divided by interest expense and mandatory principal payments on the Fund's loans payable for a specific reporting period. For Q2-2025, the interest coverage ratio and the indebtedness coverage ratio were 1.51x and 1.03x (Q2-2024 - 1.38x and 0.99x), respectively. The increase in both ratios during Q2-2025 relative to Q2-2024 was primarily due to higher NOI and lower finance costs. CASH PROVIDED BY OPERATING ACTIVITIES RECONCILIATION TO FFO and AFFO The Fund was formed as a "closed-end" fund with an initial term of three years, a targeted yield of 3.0% to 4.0% and a targeted minimum 12% pre-tax total investor internal rate of return across all Units. Basic and diluted AFFO and AFFO per unit for Q2-2025 were $964 and $0.07 (Q2-2024 - $591 and $0.05), respectively, representing an increase in AFFO of $373 or 63.1%, primarily due to an increase in NOI as well as lower finance costs and fund and trust expenses. A reconciliation of the Fund's cash provided by operating activities determined in accordance with IFRS to FFO and AFFO for Q2-2025, Q2-2024, YTD-2025 and YTD-2024 is provided below: Q2-2025 Q2-2024 YTD-2025 YTD-2024 Cash provided by operating activities $ 3,336 $ 4,135 $ 6,437 $ 6,507 Less: interest and finance costs (2,241) (2,531) (4,486) (5,123) Cash provided by operating activities - including interest costs (1) 1,095 1,604 1,951 1,384 Add / (deduct): Change in non-cash operating working capital (122) (980) 84 (315) Change in restricted cash 38 14 2 24 Amortization of financing costs (334) (384) (664) (660) FFO 677 254 1,373 433 Add / (deduct): Amortization of financing costs 334 384 664 660 Sustaining capital expenditures and suite renovation reserves (47) (47) (94) (94) AFFO $ 964 $ 591 $ 1,943 $ 999 (1) This metric is a non-IFRS measure. Non-IFRS financial measures do not have standardized meanings prescribed by IFRS (see "Non-IFRS Financial Measures and Reconciliations"). The Fund's cash provided by operating activities, including interest and finance costs for Q2-2025 was $1,095 (Q2-2024 - $1,604), which was lower than distributions declared to Unitholders by $37 (Q2-2024 - higher than distributions declared to Unitholders by - $515).The Fund covers any shortfall between Cash Provided by Operating Activities Including Interest Costs and distributions using cash generated from operating activities of the Fund in certain periods where applicable, or through cash on hand, including any proceeds from financing activities as applicable or availability on the Fund's credit facilities. FUTURE OUTLOOK Since 2022, concerns over rising inflation contributed to a significant increase in interest rates with the Bank of Canada raising its target interest rate from 0.25% in early 2022 to 5.0% as of Q1-2024. Increases in target interest rates typically lead to increases in borrowing costs. Inflation in Canada has declined from its peak in June 2022 of 8.1% to 1.9% in June 2025 with improvements in global supply chains and the effects of higher interest rates moving through the economy. As a result, the Bank of Canada has reduced its target interest rate by a total of 225 basis points since June 2024, bringing it down to 2.75% as of August 14, 2025. The Fund benefits from the availability of Canada Mortgage and Housing Corporation insured financing to the Canadian residential sector, which provided a stable, competitively priced source of financing. Operating fundamentals continue to be favorable as evidenced by the operating results achieved by the Fund and the Fund has made steady progress in mitigating the significant increases in interest rates by increasing the amount of fixed rate debt to 94.0% of its total debt as at June 30, 2025. Given the Fund was formed as a "closed-end" fund with an initial term of three years, it is the Fund's intention to maintain its targeted annual yield of 3.0% to 4.0% across all classes of Units despite elevated interest rates. The Fund continues to actively monitor the current interest rate environment and any associated impact this may have on the Fund's financial performance and ability to pay distributions. According to Statistics Canada, the June 2025 unemployment rate in Canada was 6.5%, as compared to an unemployment rate of 5.5% in BC, including Vancouver Island and the Coast Region. BC gained approximately 49,900 jobs between June 2024 and June 2025, demonstrating the economic strength of the Primary Markets. Each year, the Federal Department of Immigration, Refugees and Citizenship Canada ("IRCC") releases a new Immigration Levels Plan to guide its operations. In 2024, IRCC welcomed a record of 464,000 immigrants to Canada with a target of 395,000 immigrants for 2025. Canada's initial target was to welcome 500,000 new permanent residents each year, however, subsequent to September 2024, these targets were adjusted to 395,000 and 380,000 for the years of 2025 and 2026, respectively, with a further reduction to 365,000 for 2027. In early 2025, the United States announced certain tariffs on steel, aluminum and other imported components, with further tariffs enacted and continuing to be in effect between Canada and the U.S. and the U.S. and various other jurisdictions. These tariffs may result in increased construction or renovation costs for multi-family projects in Canada and the Primary Markets. While recent interest rate cuts have improved borrower sentiment and affordability, further reductions by the Bank of Canada are uncertain due to relatively strong employment market and the potential impacts of any new U.S. tariffs. The Fund does not expect any significant impact to the Fund's operating results from changes in immigration, tariffs or interest rates, as the core fundamentals of the economy remain robust. The Fund continues to closely monitor these ongoing developments. The above factors as well as the lack of housing supply and affordability, have made it more challenging for existing residents of multi-family properties to buy homes. In addition, the construction slowdown of new homes due to elevated interest rates has also continued to result in increased demand for multi-family suites and an expected reduction in new supply. The Primary Markets, including Langford, Nanaimo, Vernon and Langley, possess attractive qualities such as some of the fastest growing populations in BC with strong demographics of highly educated young professionals and families, diverse local job sectors, desirable dwelling locations with waterfront and mountain views, as well as significant economic growth creating an environment for continued demand which drives occupancy and rent growth given the limited supply of multi-family suites. The Fund believes it is well positioned to take advantage of sustained levels of immigration and favourable market conditions that are expected to continue to persist in future periods. Further disclosure surrounding the Future Outlook is included in the Fund's MD&A in the "Future Outlook" section for Q2-2025 under the Fund's profile, which is available on FORWARD-LOOKING STATEMENTS Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws and which reflect the Fund's current expectations regarding future events, including the overall financial performance of the Fund and the Properties, the impact of elevated levels of inflation and interest rates and uncertainty surrounding U.S. tariffs. Forward-looking information is provided for the purposes of assisting the reader in understanding the Fund's financial performance, financial position and cash flows as at and for the periods ended on certain dates and to present information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to future results, the impact of inflation levels and interest rates, acquisitions, financing, performance, achievements, events, prospects or opportunities for the Fund or the real estate industry and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, occupancy levels, AMR, taxes, and plans and objectives of or involving the Fund. Particularly, matters described in "Future Outlook" are forward-looking information. In some cases, forward-looking information can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "goal", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts. Forward-looking statements involve known and unknown risks and uncertainties, which may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities may not be achieved. Those risks and uncertainties include: the extent and sustainability of potential higher levels of inflation and the potential impact on the Fund's operating costs; the impact of any tariffs and retaliatory tariffs on the economy; changes in government legislation or tax laws which would impact any potential income taxes or other taxes rendered or payable with respect to the Properties or the Fund's legal entities; the impact of elevated interest rates and inflation; the extent to which favorable operating conditions achieved during historical periods may continue in future periods; the applicability of any government regulation concerning the Fund's residents or rents; the realization of property value appreciation and the timing thereof; the extent and pace at which any changes in interest rates that impact the Fund's weighted average interest rate may occur; and the availability of debt financing. A variety of factors, many of which are beyond the Fund's control, affect the operations, performance and results of the Fund and its business, and could cause actual results to differ materially from current expectations of estimated or anticipated events or results. There are numerous risks and uncertainties which include, but are not limited to, risks related to the Units, risks related to the Fund and its business including inflation and changes in interest rates. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements as there can be no assurance actual results will be consistent with such forward-looking statements. Although the Fund believes the expectations reflected in such forward-looking information are reasonable and represent the Fund's projections, expectations and beliefs at this time, such information involves known and unknown risks and uncertainties which may cause the Fund's actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from the Fund's expectations include, among other things, the impact of inflation, the availability of mortgage financing and the interest rates for such financing, and general economic and market factors, including interest rates, business competition and changes in government regulations or in tax laws. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information, as there can be no assurance that actual results will be consistent with such forward-looking information. Information contained in forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances, including the following: the applicability of any government regulation concerning the Fund's residents or rents; the realization of property value appreciation and the timing thereof; the inventory of residential real estate properties; the ability of the Fund to benefit from any asset management initiatives at certain Properties; the price at which the Properties may be disposed and the timing thereof; closing and other transaction costs in connection with the disposition of the Properties; availability of mortgage financing and current rates and market expectations for future interest rates; the capital structure of the Fund; the extent of competition for residential properties; the growth in NOI generated from asset management initiatives; the population of residential real estate market participants; assumptions about the markets in which the Fund operates; expenditures and fees in connection with the maintenance, operation and administration of the Properties; the ability of Starlight Investments CDN AM Group LP (the "Manager") to manage and operate the Properties; the global and Canadian economic environment; the impact, if any, of inflation on the Fund's operating costs; and governmental regulations or tax laws. There can be no assurance regarding: (a) inflation or changes in interest rates on the Fund's business, operations or performance; (b) the Fund's ability to mitigate such impacts; (c) credit, market, operational, and liquidity risks generally; (d) that the Manager or any of its affiliates, will continue its involvement as asset manager of the Fund in accordance with its current asset management agreement; and (e) other risks inherent to the Fund's business and/or factors beyond its control which could have a material adverse effect on the Fund. The forward-looking information included in this press release relates only to events or information as of the date on which the statements are made in this press release. Except as specifically required by applicable Canadian securities law, the Fund undertakes no obligation to update or revise publicly any forward-looking information, whether because of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. ABOUT STARLIGHT WESTERN CANADA MULTI-FAMILY (NO. 2) FUND The Fund is a trust formed under the laws of Ontario for the primary purpose of indirectly acquiring, owning and operating a portfolio of income producing multi-family rental properties located in BC. The Fund has interests in and operates a portfolio comprising interests in 944 income producing multi-family suites located in the Primary Markets. For the Fund's complete condensed consolidated interim financial statements and MD&A for the three and six months ended June 30, 2025 and any other information related to the Fund, please visit Further details regarding the Fund's unit performance and distributions, market conditions where the Fund's properties are located, performance by the Fund's properties and a capital investment update are also available in the Fund's August 2025 Newsletter which is available on the Fund's profile at SOURCE Starlight Western Canada Multi-Family (No. 2) Fund
