Class A Shares
Class D Shares
Class I Shares
Offering Price Per Share1
(POP as of 3/1/16)
Distribution Reinvestment Plan (DRP) Share Price
(DRP as of 3/1/16)
Anticipated Distribution Schedule2
Share Repurchase Program3
Subject to additional limits, a maximum of 5% of outstanding shares quarterly
Expected Life of Fund4
Share Classes Available for NorthStar Corporate Income Fund
Share Class Available for NorthStar Corporate Income Fund-T
NorthStar Corporate Income is a master fund, which offers its shares to the public indirectly through feeder funds. There are currently two feeder funds: NorthStar Corporate Income Fund and NorthStar Corporate Income Fund-T, which, in combination offer four share classes. The public offering price of the shares are subject to sales load and operating expenses. Sales load includes selling commissions and dealer manager fees. Operating expenses include organization and offering costs which are estimated to be approximately 1.0% of aggregate gross offering proceeds for each of the share classes. The actual maximum sales load will be calculated using a percentage of the offering price equal to (i) selling commissions of 6.0% and dealer manager fees of 2.0% and for the purchase of Class A Shares, (ii) dealer manager fees of 2.0%, but no selling commissions, for the purchase of Class D Shares, (iii) no selling commissions or dealer manager fees for the purchase of Class I Shares and (iv) selling commissions of 2.0% and dealer manager fees of 2.0% for the purchase of Fund-T Shares and beginning the first month after the completion of the Fund-T offering, shares will be subject to a distribution and servicing fee at an annualized rate of 1.0% of the NAV per share in order to compensate the dealer manager and participating broker-dealers and investment representatives for services and expenses related to the marketing, sale and distribution of Fund-T. Because the distribution and servicing fee is paid out of Fund-T assets on a monthly basis, over time these fees will increase the cost of an investment in Fund-T.
1) The offering price will fluctuate because shares are sold at a price equal to the net asset value (NAV) per share plus 1.0% organization and offering expenses, plus selling commissions and dealer manager fees based on the applicable share class. 2) There is no guarantee of distributions. Initially, distributions will be paid from sources other than cash flow from operations, including offering proceeds, borrowing or sales of assets, which may reduce an investor’s overall return. 3) Each of NorthStar Corporate Income Fund and NorthStar Corporate income Fund-T (each a "Fund" and together the "Funds") will limit the number of shares to be repurchased in any calendar quarter to 5.0% of the weighted average number of shares outstanding in the previous full calendar quarter prior to the date upon which the notification to repurchase shares was provided to shareholders of the Fund. In addition, beginning with its second calendar year of operations, each of the Funds will limit the number of shares to be repurchased in any calendar year to 20.0% of the weighted average number of shares outstanding in the prior calendar year. Additionally, each of the Funds currently intends to further limit the number of shares to be repurchased on each date of repurchase to the number of shares the Fund can repurchase with, in the Board of Trustee's (the "Board") sole discretion, (i) the aggregate proceeds it has received from the issuance of shares pursuant to its dividend reinvestment plan for the previous calendar quarter, and/or (ii) the aggregate proceeds it has received from the sale of shares at the previous two bi-monthly closings that occurred, or were scheduled to occur (if no proceeds were actually received), immediately prior to the date upon which the notification to repurchase shares was provided to shareholders of the Fund. The Board may, in its sole discretion, determine to limit the number of shares to be repurchased to an amount that is greater than or less than the amounts described above. Each Fund intends to offer to repurchase shares at a price equal to the NAV per share on each date of repurchase. 4) There are no assurances that the program will ever complete a liquidity event.