Morgan Legacy Partners, Inc. (“MLP”), a division of the Morgan Investment Group (“MIG”), offers the MLP Investment Account. This offering requires a minimum investment of $50,000, has a 4-year term and yields annual interest at 4%. Interest is paid quarterly, in arrears. Upon investment you will receive a (Convertible) Promissory Note from MLP that is personally guaranteed by the Peter A. Morgan Revocable Trust.
This account is intended to be a vehicle for the initial placement of investment funds as you consider our other investment options or are awaiting availability of pending MIG opportunities. Funds can be easily transferred to other MIG investments. While special circumstances may permit the withdraw of funds prior to the end of the term upon ninety (90) days prior written notice to us, the intent of the Investment Account is to be held for the full term while awaiting other investment opportunities. Early withdrawal may trigger a penalty.
The Investment Account has been filed with the United States Securities and Exchange Commission under “Regulation D”, which means that the investments are not registered with the SEC as a “security” and, accordingly, are exempt from many securities regulations. However, there are certain restrictions associated with a Reg D investment. Our investment package will provide all necessary details.