Feb 20 (Reuters) - Northview Apartment REIT NVU_u.TO :
* NORTHVIEW APARTMENT REIT ANNOUNCES AGREEMENT TO BE ACQUIRED BY STARLIGHT AND KINGSETT FOR $36.25 PER UNIT IN CASH IN A TRANSACTION VALUED AT $4.8 BILLION
* NORTHVIEW APARTMENT REIT - SECURED A "GO-SHOP" PERIOD OF UP TO 60 DAYS TO ACTIVELY SOLICIT, ENTER NEGOTIATIONS WITH THIRD PARTIES THAT SHOW INTEREST
* NORTHVIEW APARTMENT REIT - EXPECTS TO CONTINUE TO PAY A MONTHLY DISTRIBUTION OF $0.1358 PER TRUST UNIT THROUGH CLOSING OF TRANSACTION
* NORTHVIEW APARTMENT- IF DEAL IS COMPLETED PURSUANT TO SUPERIOR PROPOSAL RECEIVED FOLLOWING EXPIRY OF GO-SHOP PERIOD, STARLIGHT AND KINGSETT TO GET TERMINATION FEE OF $88 MILLION
* NORTHVIEW APARTMENT REIT - OFFER PRICE REPRESENTS A TOTAL EQUITY VALUE OF APPROXIMATELY $2.5 BILLION ON A FULLY DILUTED BASIS
* NORTHVIEW APARTMENT REIT - EXPECTS TO CONTINUE TO PAY A MONTHLY DISTRIBUTION OF $0.1358 PER TRUST UNIT THROUGH CLOSING OF THE TRANSACTION