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IGW REIT UNIT VALUE REMAINS STEADY Wednesday, June 1, 2011 Dear Member-Partners and Member-Candidates, After six straight quarters of increases, the unit value of the Traditional Class AAA IGW REIT Unit remained steady this quarter at $1.055, unchanged from the previous quarter. Overall, the unit value of the IGW REIT is up over June of 2010, from where it stood at $1.004, a year over year increase of 5.08%. Distributions remain at 7.5 cents per unit per annum. Explanation and Analysis It is also the first quarter that we have operated under the context of the new IFRS (International Financial Reporting Standards) accounting rules. As we look forward over the next two to three quarters, we expect these standards will become more and more consistently applied. I remain grateful for your continued support and the support of LEAGUE's dedicated staff - support that began during the turbulent times of 2008-2009 and carries on to this day. LEAGUE and the IGW REIT has continued - and will continue - to adapt, and not only survive, but to thrive in good times and bad. Such things, to me, demonstrate the merit of the LEAGUE Integrity Guarantee, and the strength of our shared vision: Intergenerational WealthTM for our Member-Partners. I hope you feel the same way too. Warmest regards,
---------------------------------------------------------------------------------------------------------------- This document is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase securities. Any offering will be made by way of offering memorandum or, in Ontario and Quebec, will be made only to accredited investors or those investing more than $150,000. There are risks associated with this investment, which risks are discussed in the offering memorandum and subscription agreement. You are encouraged to read the offering memorandum (available upon request) and the subscription agreement before making your investment decision. |
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