VANCOUVER, BC, Oct. 8, 2026 /CNW/ -- Sunstone Opportunity (2006) Realty Trust (the "Realty Trust"), Sunstone Opportunity (2006) Debenture Fund (the "Debenture Fund"), and Sunstone Opportunity Fund (2006) Limited Partnership (the "Sunstone (2006) LP"), collectively referred to as the "Fund", today announce that they have successfully completed the disposition of City Gate Centre, located in Chilliwack, BC, its last remaining property. The sale completed on September 29, 2026.

As a result of the sale, the Fund will return to unitholders of the net proceeds received from the sale of City Gate Centre, after the payment of all liabilities, taxes and transaction related other expenses of the Fund and its direct and indirect subsidiaries (collectively, the "Obligations") and begin the process of winding down its operations. Unitholders of record as of the close of business on September 30, 2026 will be entitled to receive a final distribution of approximately $180.00 per combined unit.

It is currently expected that the final distribution will be paid to unitholders during late October or November 2026, and the termination of the Fund will occur thereafter.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Forward-Looking Information

Certain statements in this news release may constitute "forward-looking information" within the meaning of applicable Canadian securities laws, which information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements or industry results expressed or implied by such forward-looking information. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and similar terms and phrases, including references to assumptions. Such information includes, without limitation, statements with respect to: the wind-down of the Fund's operations and the estimated timing of the termination of the Fund and the payment of a final distribution to unitholders; the repayment of all of the Obligations.

Forward-looking information reflects current expectations of management regarding future events and operating performance as of the date of this news release. Such information involves significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information, including, without limitation: the risk that the Obligations will be greater than anticipated; the risk that distributions to unitholders will be delayed; the risk that distributions to unitholders will be less than anticipated. Should any of the foregoing risks materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance, activities or achievements could vary materially from those expressed or implied by any forward-looking information contained in this news release. Readers are cautioned that the foregoing list of risks is not exhaustive. Additional information on these and other risk factors that could affect the operations or financial results of the Realty Trust or the Debenture Fund can be found under "Risks and Uncertainties" in their Management's Discussion & Analysis dated August 31, 2026, for the period ended June 30, 2026 and a copy of which is currently available on SEDAR+ (www.sedarplus.ca).

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Issuers. The forward-looking information is made as of the date of this news release and the Issuers assume no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

Additional Information

Additional information relating to the Issuers and other public filings, are available on SEDAR+ at www.sedarplus.ca.

SOURCE Sunstone Opportunity (2006) Realty Trust