1 GB limit for Windows::Storage::FileIO::ReadLinesAsync?

There seem to be a limit of 1GB for FileIO::ReadLinesAsync API even though documentation is silent on this.

StorageFile EventStorageFile { TryGetFile(m_Configuration.m_ApplicationStorageFolder, m_FileName) };
if(!EventStorageFile)
    return;
using namespace winrt::Windows::Storage;
auto const LineVector { FileIO::ReadLinesAsync(EventStorageFile).get() };

The exception message itself adds no clarity:

WinRT originate error – 0x80070057 : ‘The parameter is incorrect.’.

The function starts working well when the input file is slightly reduced in size (under 1050 MB).