Construction/Building — July 23, 2009

League Extends Protection for Member-Partners

VICTORIA, BRITISH COLUMBIA--(Marketwire - July 23, 2009) - League Assets Corporation - the world's Intergenerational Wealth(TM) Institution - announced today that it has taken another step in safeguarding the capital of its investors and protecting them against acts of internal malfeasance with the purchase of Executive Liability and Employee Fidelity insurance coverage.

League manages more than $300 million worth of private real estate investments on behalf of its 1,700-plus Member-Partners - its term for private investors. "We acquired this coverage," said Emanuel Arruda, Founding Partner, "not because we had to do it, but because it was the right thing to do."

"We're all aware of recent cases where certain investment managers have carried out fraud on a massive scale, and have hurt a lot of people in the process," said Mr. Arruda. "Our insurance will protect our Member-Partners against the possibility of fraud carried out by employees or by parties associated with League. While we have the greatest faith in our employees, these plans will provide our investors with an additional layer of comfort."

"What this also means," added Adam Gant, League's other Founding Partner, "is that the insurance underwriters, both neutral third-parties, have taken a hard look at our business policies, practices and standards and decided that they have enough confidence in us to insure us."

Both insurance policies were obtained from Aon Reed Stenhouse, a global provider of insurance coverage. It has some 37,000 professionals worldwide and provides insurance and human resources consulting services.

This action, said Mr. Arruda, is fully in accordance with the Credo that guides all League's endeavors. "We believe our word is our bond. It should always be worthy of trust."

"Acquiring this coverage is part of our commitment to our Member-Partners: to do for them, what we would have others do for us," said Mr. Gant. "If we can further their peace of mind, then we'll have done our job."

Victoria-based 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, industrial, multi-family residential properties with combined assets approaching $300 million. The Trust exists to find, acquire, improve, and manage real estate properties on behalf of its Member-Partners. Combined with its other investment pools, League is currently managing and developing assets with approximate build-out values totaling $2-billion.

For more information, download The Blue Book of Real Estate Syndication and Company Backgrounder from www.league.ca.

There are risks associated with any investment. Read the Offering Memorandum for requisite disclosure.

For more information, please contact

League Assets Corporation
Emanuel Arruda
1-877-772-8836
info@league.ca
www.league.ca

Print | Email

Latest Industry Press Releases

Updated 18:03 MDT, September 2, 2010  

Construction/Building

Aecon awarded $33 million MTO contract to expand Highway 11 (2010-09-02)

Pryde Schropp McComb, Inc. Acquired by GENIVAR Income Fund - Local organization joins leading Canadian engineering firm (2010-09-02)

Leisure Canada Commends Cuban Golf Course Initiative (2010-09-02)

GENIVAR Income Fund Acquires Pryde Schropp McComb Inc., an engineering firm specializing in the aviation industry (2010-09-02)

CanWel Building Materials Announces Appointment (2010-09-02)

Winalta Inc. announces fourth extension of CCAA protection until September 7, 2010 (2010-09-01)

PFB Corporation Announces Normal Course Issuer Bid (2010-09-01)

Empire Industries Announces Proposed Private Placement, Stock Option Grants (2010-09-01)

Kruse Energy and Equipment Auctioneers Hosts a Precedent-Setting Auction of a 'Portable Casino' in Scottsdale, Arizona with 2 Sprung 'Tents' and all Related Equipment (2010-09-01)

Lakeside Steel Breaks Ground on New Manufacturing Facility in Alabama (2010-09-01)

Retrocom Mid-Market REIT Announces $11 Million Investment in Lincoln Value Centre, St. Catharines, Ontario (2010-08-31)

Stantec Increases Credit Facility to C$350 Million and Extends Maturity Date to August 2013 (2010-08-31)

ADF GROUP INC. invites you to participate in a conference call on the RESULTS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF FISCAL 2011 (2010-08-31)

Bird Construction Income Fund Announces $82 million contract with the Regional Municipality of Wood Buffalo for water treatment plant upgrade (2010-08-31)

Honore-Mercier Bridge: Ceremony of inauguration for the opening of the Ramp Nº3 in direction of Châteauguay on 31 August 2010 (2010-08-30)

RioCan REIT Announces $124.5 Million Public Offering of Trust Units (2010-08-30)

Genesis Worldwide Inc. provides update on the proposed $675,000 brokered private placement of common shares and warrants (2010-08-30)

Large JJM Construction Ltd. consignment in next Ritchie Bros. Chilliwack auction (2010-08-30)

Empire Industries Reports 2010 Second Quarter Results, Appointment of Independent Board Chair (2010-08-30)

Canadian Equipment Rental Fund Limited Partnership Results for the Second Quarter 2010 (2010-08-27)

Aecon announces closing of Cow Harbour asset purchase and launch of new Aecon Mining business (2010-08-27)

CITY COUNCIL APPROVES WATERFRONT TORONTO'S BAYSIDE DEVELOPMENT PROJECT (2010-08-27)

Global Summit Real Estate Inc. Announces Dividend (2010-08-27)

Tribute Communities Links Past and Future With Cornerstone Ceremony at RCMI Condominium (2010-08-27)

CanWel Building Materials Announces Appointment (2010-08-26)

Stantec to Significantly Increase Architecture Practice With the Planned Acquisition of Anshen Allen (2010-08-26)

Allied Properties Real Estate Investment Trust Announces $50 Million Public Equity Offering (2010-08-26)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 263 projects with a total value of $8,919,878,049 that Reed Construction Data Building Reports reported on yesterday.

SHOPPING CENTRE ADDN AND ALTS

$120,000,000 Ottawa ON Negotiated

CONDOMINIUM APARTMENT BUILDING

$120,000,000 Toronto ON Negotiated

MUSEUM

$50,000,000 Ottawa ON Prebid

Daily Top 10