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League's IGW REIT Now Valued @ $1.04 Per Unit
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Greetings Member-Partners,
I
am pleased to announce that the unit value for League's IGW REIT has
increased in the second quarter by 0.017 cents to a new value of $1.04 per unit. This puts us well on target to achieve the goals we set for the year.
The total annualized return for the last period is 16.66%. The annualized return since January 1st is 16.90%
As
you know from our previous re-valuation, we consulted with officials at
KPMG to confirm that our formula for calculating the new equity value
was appropriate, and that it followed Canadian GAAP (Generally Accepted
Accounting Principles).
Because the commencement dates for some
new leases will not occur until later this year, the amount distributed
per unit remains unchanged for now at 10.05 cents per unit per annum.
To
review how the revaluations are calculated, please see the new
Frequently Asked Questions section of the current Investment Overview
at www.league.ca/summaries/currentsummary.pdf.
All new subscriptions will be based on this new unit value - until the next re-valuation on November 1st.
Reminder: Regular Quarterly Re-Valuations From
now on, new appraisal values will be announced May 1, August 1,
November 1, and February 1. This means you can expect to see regular
increases in unit value on these dates (assuming there is at least one
property to re-appraise each period). Prior to each re-valuation we
will give advance notice so you can better time future investment
purchases.
More BIG News Coming Soon! Keep an eye on your inbox and mailbox!
Best regards,
Emanuel.
Emanuel Arruda Chairman & COO League Assets Corp.
-------------------------------------------------------------------------------------------------------------- The best pleasure money can give is to make it unnecessary to think about money. - C. S. Lewis - --------------------------------------------------------------------------------------------------------------
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About League Assets Corp
League: The World's Intergenerational Wealth™ Institution
Through its
expertise in providing extraordinary investment opportunities, League
helps its Member-Partners accumulate and preserve their wealth
across generations of their families. League's IGW REIT pays the highest distributions of any REIT in Canada. To date, the REIT's portfolio consists of some 19
Canadian commercial and retail properties with combined value of more
than $125 million. The trust exists to find, acquire, improve and
manage profitable real estate properties across the nation,
and to offer these opportunities to other like-minded investors.
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