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NorthStar Real Estate Capital Income | Prospectus SEC Filings

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Academic year: 2017

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This Supplement supplements and amends the section of the Prospectus entitled “Management of the Trust and the Master Fund— Trustee Independence" on page 123 by replacing the

Pursuant to the Expense Support Agreements, NSAM FV will reimburse, on a quarterly basis, the Trust and the Master Fund for expenses in an amount equal to the difference between

The Trust and the Master Fund intend to elect to be treated, and to intend to qualify annually, as RICs under Subchapter M of the Code beginning with the taxable year ending

This Supplement supplements and amends the section of the Prospectus entitled “Management of the Trust and the Master Fund— Trustee Independence" on page 123 by replacing the

There were no matters relating to a portfolio security considered at any shareholder meeting held during the period from July 1, 2016 through June 30, 2017 with respect to

If the REIT Subsidiary receives interest income with respect to a mortgage loan that is secured by both real property and other property and the highest principal amount of the

If the REIT Subsidiary receives interest income with respect to a mortgage loan that is secured by both real property and other property and the highest principal amount of the

In planning and performing our audit of the financial statements of NorthStar Real Estate Capital Income Fund ("the RE Capital Fund") as of and for the year ended December