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Pinnacle Lifestyles Fund III Declares Stock Dividend



 

Pinnacle Lifestyles Fund III

April 15, 2024

Stock Dividend and Share Price Increase

 

The upcoming close date is set for May 10, 2024, with a paperwork deadline of May 6, 2024.


Stock Dividend


Pinnacle Lifestyles Fund III would like to remind all investors that the upcoming close date of May 10, 2024 will be the last opportunity to invest in the fund prior the next 5% non-taxable stock dividend; with an additional Stock Dividend planned for August 2024.


Share Price Increase


The upcoming close date of May 10th, 2024 also presents the final opportunity for investors to participate in the fund at $1.25 per share. Currently, Pinnacle Lifestyles Fund III is $265,000 away from reaching our target to increase the share price to $1.30 per share.


We're seeking significant capital from all our supporters for this close, as we prepare to engage contractors to commence road construction in Golden. Additional capital will be required this summer to complete the Golden Phase I construction.


 

As our resorts prepare to open in just a few weeks, we are pleased to share some exciting developments:


  • Kokanee Springs is currently experiencing its busiest pre-booking season in over six years, with 1,911 room nights booked, marking a 30% increase compared to the same time last year. We anticipate this surge in bookings to result in stronger revenues across all divisions at the resort.

  • The sales season is gaining momentum, with $0.6 million currently under contract. Our sales team has noticed an uptick in sales leads and tours, indicating positive growth in this area.

  • White Lake continues to demonstrate strong performance, with $322,000 in pre-bookings, representing 89% of last year's total revenue. With the entire season ahead of us, we anticipate a solid increase in revenues at White Lake for 2024.

  • Progress on our Golden lands is ongoing, with engineering activities underway. We are aiming to close our previously announced debt facilities within the next 30 days. These new debt facilities will significantly enhance our cash flows and liquidity moving forward.


Conclusion:


We would like to remind you to join us for the 2024 Annual General Meeting on April 17, 2024, at 9:00 am MST/11:00 am EST. If you have not already done so, please sign your proxies or shareholder resolutions to help us achieve 100% signature completion for the shareholder resolution.


We eagerly anticipate welcoming many of you to beautiful BC later this summer.


Sincerely,

Pinnacle Lifestyles Management 


 

General Disclaimer:

  • Informational Purpose Only: The content provided is strictly for informational purposes and is not intended to provide specific tax, investment, legal, accounting, financial, or other advice or services.

  • Not an Offering Document: This information should not be considered as an offer to sell or a solicitation to buy any security.

  • Speculative Nature: Investments in the products listed on the Pinnacle Lifestyles Product Shelf are speculative. Potential investors are encouraged to assess the associated risks and uncertainties.

Forward-Looking Statements:

  • Based on Current Information: Forward-looking statements are based on assumptions and current expectations. These are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.

  • Not Guaranteed: Forward-looking information should not be relied upon as a guarantee of future performance or results.

Regulatory and Compliance:

  • Compliance with Securities Law: All offerings are subject to compliance with applicable securities laws.

  • Disclosure Requirements: Appropriate disclosures will be provided in accordance with legal and regulatory requirements, ensuring transparency and fairness in all dealings.

Investment Risks:

  • Risk of Loss: Investors should be aware that all investments carry the risk of loss and should be made only by those prepared to sustain such risks.

  • Diversification: Potential investors should consider diversifying their investments as a way to spread risk.

Marketing and Advertising:

  • No Unsubstantiated Claims: Marketing materials associated with the Pinnacle Lifestyles Product Shelf will not contain unsubstantiated claims or information that cannot be verified.

  • Clear and Prominent Disclaimers: Any marketing material containing rates of return or other performance data will include a prominently displayed disclaimer stating that “Past performance is not necessarily indicative of future results.”


This stock dividend issuance will produce a net-zero change to the paid-up-capital of Pinnacle Lifestyle Fund III Incorporated (the “Corporation”). No change to the class of shares being held by shareholder prior to this stock dividend or their provided rights and benefits will occur. A tax event for inclusion should not occur until the sale or change of ownership of the shares issued. Recipient shareholders of this stock dividend are anticipated to reduce the respective stock holdings accumulated cost base proportionally to shares held. The Corporation is not providing legal or accounting advice and urges the reader to seek professional guidance on their particular tax situation.


These disclaimers are designed to ensure that all potential investors are fully informed of the nature of their investment and the associated risks. They also serve to maintain transparency and compliance with regulatory standards.


 


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