INTRODUCING THE PLACE TRANS CANADIENNE CENTRE LP

Tuesday, June 23, 2009

Dear Members-Partners and friends,

We are pleased to introduce our latest Limited Partnership -- the Place Trans Canadienne Centre in Montreal. As you know, our stated objective is to help our Member-Partners create Intergenerational Wealth™ for their families. We believe this project represents an excellent development opportunity as a stand-alone limited partnership -- one that is distinct and separate from the IGW REIT.

We are eager to begin this retail development project on behalf of League's Member-Partners. It has less risk than many other development projects at this time because we are putting very little capital at risk to start with until we have confirmed tenants are ready to lease any future retail space.

The key to success in any retail development is to lease space as quickly as possible. Therefore, our leasing teams have already begun their work.

As a Member-Partner in the Place Trans Canadienne Project, you will share ownership in a property that, assuming all goes to plan, has great potential for capital appreciation in a relatively short time, as well as the possibility of end-of-project exit through tax-efficient rollover of the finished and tenanted property into the IGW REIT LP.

If this investment appeals to you, contact your Member Services Manager who will be happy to answer any questions you may have about this investment opportunity.

On behalf of everyone at League, I look forward to many years of association with you, both as friends and esteemed investment partners.

Best regards (and many happy returns),

Reminders...

The State of the Units Report for the REIT is published quarterly in March, June, September and December on this web page. This includes detailed updates on ongoing activities at each property.

Distribution payments for the REIT 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.

New unit values for the REIT are announced on the last day of February, May, August and November. Complete portfolio reappraisals take place prior to the May and November revaluations. At the February and August revaluations, only those properties that we expect to have changed in value are selected for reappraisal. 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.