Starlight Capital Announces Proposed Merger for Starlight Global Balanced Fund

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TORONTO — Starlight Investments Capital LP (the “Manager” or “Starlight Capital”), today announced a proposed merger involving Starlight Global Balanced Fund (the “Terminating Fund”), which is being undertaken to streamline Starlight Capital’s fund lineup and create efficiencies.

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Proposed Merger

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The Manager proposes that the Terminating Fund be merged (the “Merger”) into Starlight Global Growth Fund (the “Continuing Fund”). Unitholders of the Terminating Fund will vote on the Merger at a special meeting to be held at the offices of Blake, Cassels & Graydon LLP, 199 Bay Street, Suite 4000, Toronto, Ontario, on August 21, 2026 (the “Meeting”). In advance of the Meeting, a management information circular (the “Circular”), which will contain full details of the Merger, will be sent on or about July 31, 2026, to unitholders of record of the Terminating Fund as at July 22, 2026. The Circular will also be available on SEDAR+ at www.sedarplus.com.

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Subject to obtaining unitholder approval for the Merger, the Merger is anticipated to occur on or about August 31, 2026. If the Merger does not receive the required unitholder approval, the Terminating Fund will be terminated by the Manager in accordance with applicable securities legislation.

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The independent review committee of each of the Terminating Fund and the Continuing Fund has reviewed the potential conflict of interest matters related to the proposed Merger and has provided the Manager with a positive recommendation for the Merger, after determining that the Merger, if implemented, would achieve a fair and reasonable result for the Terminating Fund and the Continuing Fund.

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It is currently anticipated that unitholders of the Terminating Fund will be able to redeem or switch their units at any time up until the close of business on the business day immediately before the Merger. More particulars regarding these matters will be set out in the Circular. All costs and expenses associated with the Merger will be borne by the Manager.

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Forward-looking statements

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This press release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the current expectations of Starlight Capital regarding future events, including statements concerning the Merger and the Terminating Fund. In some cases, forward-looking statements can be identified by terms such as “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “seek”, “aim”, “estimate”, “target”, “project”, “predict”, “forecast”, “potential”, “continue”, “likely”, “schedule”, or the negative thereof or other similar expressions concerning matters that are not historical facts.

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Material factors and assumptions used by Starlight Capital to develop the forward-looking information include, but are not limited to, Starlight Capital’s current expectations about: the proposed Merger; the approval of the Merger by unitholders of the Terminating Fund at the Meeting; the completion of the Merger on or about August 31, 2026; and, if the Merger is not approved, the termination of the Terminating Fund in accordance with its declaration of trust and applicable securities laws. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

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Although Starlight Capital believes that the expectations reflected in such forward-looking statements are reasonable based on information currently available, such statements involve known and unknown risks and uncertainties that 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 the Merger may not be completed as currently contemplated, or at all. A variety of factors, many of which are beyond the control of Starlight Capital and of the Terminating Fund, could cause actual results to differ materially from the expectations expressed or implied by such forward-looking statements. Such factors include the failure to obtain unitholder approval of the proposed Merger, changes in applicable laws or regulatory requirements, the occurrence of events that may delay or prevent the completion of the Merger, and the risks identified in the Terminating Fund’s simplified prospectus. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, Starlight Capital undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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About Starlight Global Growth Fund

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The Starlight Global Growth Fund’s investment objective is to provide superior long-term investment returns through capital growth by investing primarily in common shares and debt obligations of issuers of large-capitalization growth companies predominately located globally, other than in Canada.

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About Starlight Capital and Starlight Investments

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Starlight Capital is an independent Canadian asset management firm with over $1 billion in assets under management. We manage Global and North American diversified private and public equity investments across traditional and alternative asset classes, including real estate, infrastructure and private equity. Our goal is to deliver superior risk-adjusted, total returns to investors through a disciplined investment approach: Focused Business Investing. Starlight Capital is a wholly-owned subsidiary of Starlight Investments. Starlight Investments is a leading global real estate investment and asset management firm with over 380 employees and $30B in AUM. A privately held owner, developer and asset manager of over 70,000 multi-residential suites and over 7 million square feet of commercial property space. Learn more at www.starlightcapital.com and connect with us on LinkedIn at https://www.linkedin.com/company/starlightcapital/.

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Contacts

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Dennis Mitchell

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Chief Executive Officer & Chief Investment Officer

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1-416-855-2642

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Graeme Llewellyn

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Chief Financial Officer & Chief Operating Officer

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1-416-855-2643

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