There are important risks associated with an investment in CNL Lifestyle Properties,
Inc. To view a summary of these risks, as outlined in the prospectus click here. This material must be read in conjunction with
our prospectus in order to fully understand all the implications and risks involved
in this offering. To read a copy of the prospectus, click here.
$5,000 for Individuals;
$4,000, IRA, Keogh or Other Qualified Plans
Property Focus
Lifestyle
Geographic Diversification
Primarily United States
Return Characteristics
Income and Growth
Distribution Payment Schedule
Declared Monthly and Paid Quarterly*
Dividend Reinvestment Plan
$9.50
Redemption**
92.5% for Shares Owned One Year
95.0% for Shares Owned Two Years
97.5% for Shares Owned Three Years
100% for Shares Owned Four or More Years
Exit Strategy
List, Liquidate or Merge on or before December 31, 2015***
* There is no assurance
these objectives will be met. **Under CNL Lifestyle Properties, Inc.’s redemption plan, at no time during a 12-month
period may it redeem more than 5.0% of the weighted average number of shares of
its outstanding common stock at the beginning of such 12-month period. To date the
company has not exceeded this limit and does not anticipate that it will reach the
maximum number of shares redeemable under its redemption plan in the next twelve
months. At the company’s discretion, it can determine not to redeem any shares or
to only redeem a portion of the shares for which redemption is being requested.
There is no assurance there will be sufficient funds available for redemptions.
For more specific information, please refer to the summary of redemption plan section
of the company’s prospectus.
duration of CNL Lifestyle Properties.
***Stockholders owning a majority of shares may elect to extend the duration of CNL Lifestyle Properties.
This sales and advertising literature is neither an offer to sell nor a solicitation
of an offer to buy the securities described herein.
This literature must be read with the prospectus
in order to fully understand all of the implications and risks
of the offering of securities to which it relates. A copy of the prospectus must
be made available to you in connection with this offering.