Morguard Sunstone Real Estate Income Fund Unitholders Approve Termination of Fund

VANCOUVER, May 27, 2013 /PRNewswire/ - Sunstone Investment Management Inc., the manager for the Morguard Sunstone Real Estate Income Fund (the "Fund") (TSX: MSN.UN), confirms that the unitholders of the Fund (the "Unitholders") have approved the termination of the Fund at the previously adjourned special meeting that was held today.

The trustee of the Fund, Sunstone Investment Services Inc., will now begin the process of winding-up the Fund and distributing the net asset value in cash to Unitholders. As part of the wind-up process, the Fund will be de-listed from the Toronto Stock Exchange. The assets remaining after the liabilities and obligations of the Fund have been provided for will be distributed to Unitholders of record on the last day of trading. The payment will be made as soon as practicable following this date. The last day of trading will be on or before June 28, 2013. The Fund will provide further updates on timing as the process unfolds.

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.

SOURCE Morguard Sunstone Real Estate Income Fund