TORONTO, ONTARIO -- (Marketwire) -- 01/16/13 -- This notice is being sent to advise that Maple Leaf Short Duration 2012 Flow-Through Limited Partnership - Quebec Class (the "Partnership") will be proceeding with a transaction (the "Liquidity Transaction") pursuant to which the assets of the Partnership (the "Assets") will be transferred on a tax-deferred basis to the Maple Leaf Resource Class (the "Resource Class Mutual Fund"), a class of shares of Maple Leaf Corporate Funds Ltd., an open-ended mutual fund corporation, in exchange for Series A shares of the Resource Class Mutual Fund. Pursuant to the Liquidity Transaction, limited partners of the Partnership (the "Partners") will receive the Resource Class Mutual Fund shares in connection with the dissolution of the Partnership.
Resource Class Mutual Fund shares may be redeemed for cash or retained for longer-term growth potential and delay incurring a capital gain tax liability that results upon redemption of the shares. Investors can also transfer their investment into the Maple Leaf Income Class Mutual Fund (the "Income Class Mutual Fund") on a non-taxable basis. The Income Class Mutual Fund is diversified across different types of equity and income orientated securities and seeks to generate modest growth of capital while utilizing income orientated investments to stabilize returns.
Additional information about the Resource Class Mutual Fund and Income Class Mutual Fund is available in their simplified prospectus and annual information form. These documents are available at www.sedar.com and www.mapleleaffunds.ca.
How the Rollover Will Work:
Pursuant to the Liquidity Transaction, Partners will receive shares of the Resource Class Mutual Fund in connection with the dissolution of the Partnership. The effective date of the Liquidity Transaction (the "Effective Date") is expected to be on or about March 8, 2013. Shortly after the Effective Date, the shares of the Resource Class Mutual Fund that the Partnership will receive as consideration for the transfer of its assets will be distributed to the Partners on a pro rata basis and thereafter the Partnership will be dissolved.
Partners will receive shares of the Resource Class Mutual Fund in exchange for, and with a value equal to, the value of the units of the Partnership held at the time of such transfer of Assets. Partners will receive a number of shares of the Resource Class Mutual Fund equal to the number of Partnership units held multiplied by the conversion ratio. The conversion ratio will be equivalent to the Net Asset Value of units of the Partnership divided by the Net Asset Value of the shares of the Resource Class Mutual Fund determined at the close of business on or about March 8, 2013. Shares of the Resource Class Mutual Fund will be received and Partnership units will be removed from each Partners account. Processing may take 2 to 3 business days (in some cases longer) to complete on the dealer side after the rollover occurs. The Partnership will issue a press release once the conversion ratio has been determined.
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