Maple Leaf Short Duration 2016 Flow-Through Limited Partnership – National & Quebec Class – Final Prospectus Filed, Books Closing March 10, 2016
VANCOUVER, BC / ACCESSWIRE / February 29, 2016 / Maple Leaf Short Duration 2016 Flow-Through Limited Partnership (the “Partnership”) is pleased to announce that it has filed a final prospectus (the “Prospectus”) dated February 24, 2016 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 $10,000,000 and the Quebec Class Units is $10,000,000. The books will close on Thursday, March 10, 2016 at 12 noon (EST) for its initial closing on March 11, 2016.
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 2016 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 2016 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 World Markets Inc. and National Bank Financial Inc. and includes GMP Securities L.P., Canaccord Genuity Corp., Desjardins Securities Inc., Manulife Securities Incorporated, Raymond James Ltd., Burgeonvest Bick Securities Limited, Dundee Securities Ltd., Global Securities Corporation, Industrial Alliance Securities Inc., and Laurentian Bank Securities 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
A final prospectus dated February 24, 2016 relating to these securities has been filed with the securities commissions or similar authorities in each of the Provinces and Territories of Canada. This release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Capitalized terms not defined herein have the meanings set forth in the Prospectus.
SOURCE: Maple Leaf Short Duration 2016 Flow-Through Limited Partnership
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