Maple Leaf Short Duration 2017 Flow-Through Limited Partnership – National & Quebec Class
Final Prospectus Filed. Books Closing on February 16, 2017 for Initial Closing
VANCOUVER, BC / ACCESSWIRE / January 30, 2017 / Maple Leaf Short Duration 2017 Flow-Through Limited Partnership (the “Partnership”) is pleased to announce that it has filed a final prospectus (the “Prospectus”) dated January 27, 2017 with the securities commissions or similar authorities in each of the Provinces and Territories of Canada relating to the initial public offering of units of the Partnership. The maximum offering of the Partnership’s National Class Units is $15,000,000 and the Québec Class Units is $10,000,000. The books will close on Thursday, February 16, 2017 at 12 noon (EST) for its initial closing on February 17, 2017.
Partnership Objectives & Benefits – National Class Units
The Partnership is designed to provide holders of National Class Units (“National Class Limited Partners”) with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures (as those terms are defined in the Prospectus) across Canada with a view to maximizing the tax benefits of an investment in National Class Units and achieving capital appreciation and/or income for National Class Limited Partners. National Class Limited Partners must be residents of Canada or liable to pay Canadian income tax.
Investors are expected to receive tax deductions for 2017 of approximately 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.
Partnership Objectives & Benefits – Québec Class Units
The Partnership is designed to provide holders of Québec Class Units (“Québec Class Limited Partners”) with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec with a view to maximizing the tax benefits of an investment in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners. Québec Class Units are most suitable for investors who reside in the Province Québec or are liable to pay income tax in Québec.
Investors are expected to receive tax deductions for 2017 of up to 130% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.
Liquidity Event
The investment portfolios of both the National and Québec Class Units will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.
The Syndicate
The syndicate of agents for the offering is being led by Scotiabank, BMO Capital Markets, CIBC, and National Bank Financial Inc. and includes Canaccord Genuity Corp., Desjardins Securities Inc., Manulife Securities Incorporated, Raymond James Ltd., Industrial Alliance Securities Inc., Laurentian Bank Securities Inc., and Echelon Wealth Partners Inc.
A copy of the Prospectus can be obtained from any agent.
Offering Jurisdictions
Each of the Provinces and Territories of Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT
Hugh Cartwright, Chairman
MAPLE LEAF FLOW-THROUGH PROGRAMS
Tel: 1-866-688-5750 Email: info@mapleleaffunds.ca
Web: www.MapleLeafFunds.ca
SOURCE: Maple Leaf Short Duration 2016-II Flow-Through Limited Partnership
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