INVESTMENT LETTER SELIGMAN LASALLE INTERNATIONAL REAL ESTATE FUND, INC.
Exhibit (p)
INVESTMENT LETTER
XXXXXXXX XXXXXXX INTERNATIONAL REAL ESTATE FUND, INC.
Xxxxxxxx LaSalle International Real Estate Fund, Inc. (the “Fund”), a closed-end management investment company, and the undersigned (“Purchaser”), intending to be legally bound, hereby agree as follows:
| 1. | In order to provide the Fund with initial capital, the Fund hereby sells to Purchaser and Purchaser hereby purchases 4,200 shares of common stock of the Fund (all such shares with a par value $0.01) at a price of $23.875 per share (the “Shares”) as of the close of business on or about May 17, 2007, which amounts to $100,275.00 for the Shares. |
| 2. | Purchaser represents and warrants to the Fund that the Shares are being acquired for investment and not with a view to distribution thereof, and that Purchaser has no present intention to redeem or dispose of the Shares. |
IN WITNESS WHEREOF, the parties have executed this agreement as of the 17th day of May, 2007.
| XXXXXXXX XXXXXXX INTERNATIONAL REAL ESTATE FUND, INC. | ||
| By: | /S/ XXXXXXXX X. XXXXX | |
| Name: Xxxxxxxx X. Xxxxx Title: Vice President and Treasurer | ||
| X. & X. XXXXXXXX & CO. INCORPORATED | ||
| By: | /S/ XXXXXX X. XXXX | |
| Name: Xxxxxx X. Xxxx Title: Managing Director and Treasurer | ||
