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CHARTER REIT IS NOW PARTNERS REIT Tuesday, November 9, 2010 Dear Member-Partners and Friends,Charter Real Estate Investment Trust has a new name: Partners Real Estate Investment Trust. The new name reflects the company’s commitment to work with its partners – investors, lenders, tenants, service providers, and property managers – to build value over the long term. You will remember that last summer the IGW REIT, through its subsidiary IGW Public Limited Partnership, purchased a controlling block in Charter REIT – now Partners REIT (TSX-V: CRH.UN), a publicly traded company with a portfolio of 10 retail properties in Ontario and Quebec. This continues to be good news for the IGW REIT, due to its indirect 49.9% stake in Partners REIT. Should the property values of Partners REIT increase, the net asset value of the IGW REIT will also increase without any accompanying dilution to IGW REIT Member-Partners. And because the IGW REIT is privately held and third-party experts independently determine its unit value based on the Net Asset Value of the properties, the IGW REIT is not greatly influenced by variations in the stock price of the public company. I look forward to bringing you news of further developments at Partners REIT in the near future. Warmest regards,
Emanuel F. Arruda
Founding Partner LEAGUE Group of Companies LEAGUE Investment Services Inc. This document is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase securities. Only persons who satisfy an exemption from the prospectus and registration requirements may invest in this project. In general this means that you must either be an accredited investor or invest a minimum of $150,000.
There are risks associated with this investment, some of which are set out in the subscription agreement. You are encouraged to read such document, as well as the limited partnership agreement, before making your investment decision. |
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