SCHEDULE 14A INFORMATION
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DSI Realty Income Fund VII
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| DSI Realty Income Funds A California Limited Partnership 6700 E. Pacific Coast Hwy. #150 Long Beach, CA 90803 | First Class U.S. Postage PAID Los Angeles CA Permit # 30835 |
IMPORTANT NOTICE
From Your General Partners...
VOTING TO CONTINUE
Dear Limited Partner,
On May 12, we asked you to vote for a Proposal that would give the General Partners the right to review, match or exceed proposed transfers before they are effected. Subsequently, there have been objections made by parties whose ability to buy units at a discount would be jeopardized if the Proposal passes. The objecting parties, who claim to have the Limited Partners’ interests in mind, are the same parties that have sent solicitations to you for several years offering to purchase your units for prices well below the original purchase price.
These same objecting parties also filed a lawsuit challenging the Proposal. Contrary to the objecting parties’ May 23 solicitation, the Court didNOT rule against the General Partners’ Proposal. The Court simply said that voting may continue, but the Proposal may not be implemented until the Court hears from both sides, not just the objecting parties.
Please keep the following in mind when considering your vote:
| ¨ Given | their history, do these objecting parties really have YOUR best interests in mind? |
| ¨ The | right of first refusal does NOT prevent a seller from obtaining any offer by way of any means available to them. |
| ¨ The | Proposal would give the General Partners 10 days to review, match or exceed any offer to buy before units are transferred to another investor. |
| ¨ The | Proposal will help ensure that a selling Limited Partner is aware of all available options before selling units. |
| ¨ We | believe the Proposal will ultimately encourage more substantial offers by potential buyers. |
None of our DSI Realty Income Funds has EVER missed a quarterly distribution payment. Additionally, the high rates of income that we have been able to provide to our investors are a source of great pride. It is these very rates that make us so attractive to outside solicitors looking to accumulate units for their own accounts.
WE APPRECIATE THE OPPORTUNITY TO SERVE YOUR INVESTMENT NEEDS AND ENCOURAGE YOU TO VOTE “FOR” OUR PROPOSAL. In addition, we invite you to call your DSI Representative or the General Partners’ Office with any questions you may have at (800) 732-1733.