League Assets Corp

NEW INSURANCE POLICIES PROVIDING EVEN MORE PROTECTION FOR MEMBER-PARTNERS' INVESTMENTS

Thursday, July 23, 2009

 

Greetings Member-Partners and friends,

To further safeguard the capital of its Member-Partners and to protect them against acts of internal malfeasance, League Assets is proud to announce two new insurance policies:

  1. An Executive Liability policy, which provides up to $10,000,000 of protection against any single loss;
  2. An Employee Fidelity policy, which provides up to $5,000,000 of protection against any single loss.

The first policy assures that all of League's Member-Partners are protected against wrongful acts unintentionally committed by, or at the direction of the Directors. The second policy protects all investors from acts of fraud by League staff members.

Of course League's principals owe a duty of good faith to any of the entities of which they are directors or officers and the positively inter-dependent structure of League's investments assures management's interests are aligned with the investors'. Moreover, willful or material misrepresentation in any of League's offering documents continue to carry penalties under applicable securities laws. So while Member-Partners have always been protected by League's investment structure and applicable laws, now they are additionally covered by these policies.

We all know that certain investment managers have recently been found or suspected to have carried out fraud on a massive scale, causing pain and suffering to families and charitable organizations that entrusted their investments to them. Such actions show what happens when greed takes control.

However, in no way does the purchase of these policies question the competence of our team members. In fact, it is a testament to their professionalism. This is because to qualify for the insurance, League submitted itself to a rigorous investigation by Aon Reed Stenhouse Inc., an insurance broker with offices worldwide. After examining our business and our policies, standards, practices, and then comparing us with other similar-sized organizations to establish a precedent, the underwriters concluded that League poses such a low risk, that we were "worthy" of being covered -- and at a preferred rate with the highest suggested coverage amounts.

Although I knew this to be true long before the process began, having the fact independently confirmed by term risk managers pleased me greatly.

I'd like to emphasize that we did not undertake to purchase this insurance because we were told we should. We did so voluntarily because it is the right thing to do. Furthermore, the two policies are being paid for by League -- not from the proceeds of any investment entities. We are pleased to do so in the name of positive-interdependence, the overriding principle that governs all our decisions and operations.

In our constant pursuit of excellence, we are happy to have added even more assurance for current and future Member-Partners' that their capital, and the wealth of their future generations, are in trustworthy hands. My partner Adam Gant and I, along with all League staff, are bound by Our Credo. It is our guiding philosophy. It is who and what we are, and it guides all our decision-making every day.

We are not among those who believe mediocrity is a safe resting place. We believe that as Member-Partners in League, you are deserving of more than the standard fare. We set high standards for ourselves, and daily we see to it that in every arena in which we operate we continually aim to exceed all others.

The acquisition of these two new insurance policies reinforces our intention of making League so good that you won't hesitate to invite your friends and colleagues to join you in member-partnership. The faster League grows, the greater our ability to create new services and wealth-building opportunities for all.

Should you have any questions about this or any other matter, please do not hesitate to call your Member Services Manager, or me. As your fellow Member-Partners, we take great pride in helping you achieve Intergenerational Wealth™ -- for you and your family.

Warmly and sincerely,

MannySig

Emanuel F.  Arruda, Founding Partner

League Assets Corp.    
Learn, Earn, Live, Give.™



About League Assets Corp.

Click to download:

Download the Notice of interest form:
Notice of Interest for the IGW REIT
Notice of Interest for any other investment

League: The World's Intergenerational Wealth™ Institution
League Assets Corp. manages the IGW REIT, one of North America's fastest growing private Real Estate Investment Trusts, comprising a portfolio of Canadian commercial and retail properties diversified by asset type and location. The trust exists to find, acquire, improve, and manage profitable real estate properties across the country, and to offer shared ownership in these assets to other like-minded investors -- referred to by League as its Member-Partners. Combined with its other investment pools, League is currently managing and developing assets with approximate build-out values totaling $2 billion.

To date, League has partnered with the families of its more than 1,500 Members -- primarily through shared ownership of its specially-selected real estate based investments. It is League's aim to empower the families of its Member-Partners through the provision of Intergenerational Wealth™ so that they can improve the quality of their own lives and ultimately be able to contribute to improvement in the quality of the lives of others.

For more information, read The Blue Book of Real Estate Syndication.


How to Join League

If you've already read the Blue Book, just complete and return a Notice of Interest form (below) for either the IGW REIT, or one of League's other investment pools.

Once received, your Member Services Manager will send you the Investment Overview, along with the applicable offering documents, including a form of subscription agreement and either a limited partnership agreement or an offering memorandum, as applicable.

If you have any questions or need help understanding any of the material, your Member Services Manager is always available to help.


Where to get help:

Need help with your subscription or questions about an investment?
Call 1-877-772-8836 and ask to speak with a Member Services Manager.

Looking for status updates on our projects?
News and updates are released to all our members simultaneously and posted on our website as quickly as confirmed information is supplied.

To read the latest, visit: www.league.ca/updates.html.


Other Information Regarding the IGW REIT:


New unit values are announced on the last days of February, May, August, and November.

The State of the Units Report
is published quarterly in March, June, September and December on the Updates page of League's website. This includes detailed updates on ongoing activities at each property.

Distribution payments begin on the 21st day of the month following the day you invest. You need not wait until the next revaluation to subscribe and begin receiving your distribution payment.

Tax slips are issued for Limited Partnership and REIT unitholders by March 31st each year. Please note that electronic filing is not possible for Limited Partnerships less than one year old.

To review how the revaluations are performed, click here or review the Frequently Asked Questions section of the current Investment Overview available in the Members Area of League's website.