Announcing 11% Colwood Promissory Notes

As the time draws near for the start of construction at our Colwood City Centre development, I am pleased to introduce our newest investment opportunity: the new 11% Colwood Promissory Notes.

These notes are offered at 11% per annum paid monthly over a three-year term or less.

And it's nice to know that the Colwood Promissory Notes will be eligible as RRSP investments and other registered plans in the very near future.

A Little "Extra" Goes a Long Way...

The good news is at the end of the term you can also use the proceeds as a downpayment on the purchase of a condominium suite in the first phase of the Colwood development. The even better news is that you will also receive an additional 10% "bump"¹ to go towards the purchase of your new apartment.² You can then use the condo as your own residence, or maintain it as an investment property.

To find out if this investment meets your profile, or if you have any questions regarding the RRSP eligibility of the Colwood 11% Promissory Notes, please call your Member Services Manager. She or he will be glad to help.

¹ On an initial investment of $100,000, you would receive an additional $10,000.

² Cannot exceed more than 10% of condominium purchase price.

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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