1 LETTER TO PROSPECTIVE SHAREHOLDERS FROM THE CHAIRMAN
May 8 , 2008
Dear Prospective Shareholders:
The Carlton Savannah Hotel is the first real estate investment in the Trinidad &Tobago market that has the distinction of being a part of the Preferred Hotels group of Luxury Hotels.
Carlton Savannah REIT (Jamaica) Limited (the “Company”) is a vehicle designed to bring the unique benefits of the Carlton Savannah Hotel and Health Club & Spa as an investment property to stock market investors via an offer of Shares for subscription in the company.
This offer seeks to combine two key elements: a real estate investment and a share offer to bring the benefits of greater liquidity, geographic diversification, currency diversification and stable dividend flow to the shareholder Applicants.
The Company has already entered into an agreement which will allow it to utilize the funds raised in the Offer to acquire sixteen (16) of the Apartments of the Carlton Savannah Hotel together with the Hotel’s Health Club & Spa. These assets are income generating and promise to deliver a stream of dividends to the shareholders of the Company.
The Company intends to list on the Jamaica Stock Exchange and in time to also be listed on the Trinidad & Tobago and Barbados Stock Exchanges. When approved, the benefits of listed stock investing will be available to Applicants and these include:
· Tax-free dividends
· Liquidity of a ready market for the shares
· Strong valuation for shares
We invite you to participate in the offer and encourage others to do the same.
Sincerely,
ChairmanCarlton Savannah REIT (Jamaica) Limited
[1] www.preferredhotels.com
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