VANCOUVER, BC / ACCESSWIRE / November 24, 2014 / Maple Leaf 2014-II Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it has filed a final prospectus (the "Prospectus") dated November 20, 2014 with the securities commissions or similar authorities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec relating to, the initial public offering of National CEE FT Class Units and Quebec CEE FT Class 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, November 27, 2014 at 12 noon (EST) or sooner if sold out.
Partnership Objectives & Benefits - National Class Units
The Partnership is designed to provide holders of its 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 2014 of approximately 92% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.
Partnership Objectives & Benefits - Quebec Class Units
The Partnership is designed to provide holders of its Quebec Class Units ("Quebec 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 Quebec with a view to maximizing the tax benefits of an investment in Quebec Class Units and achieving capital appreciation and/or income for Quebec Class Limited Partners. Quebec Class Units are most suitable for investors who reside in the Province Quebec or are liable to pay income tax in Quebec. Investors are expected to receive tax deductions for 2014 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 Quebec 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, CIBC, and National Bank Financial Inc., and includes BMO Capital Markets, GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Desjardins Securities Inc., Manulife Securities Incorporated, Burgeonvest Bick Securities Limited, Dundee Securities Ltd. and Global Securities Corporation. A copy of the Prospectus can be obtained from any agent.
Offering Jurisdictions
Each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
FOR FURTHER INFORMATION, PLEASE CONTACT
Hugh Cartwright, Chairman
MAPLE LEAF FLOW-THROUGH PROGRAMS
Tel: 1-866-688-5750
Email: [email protected]
SOURCE: Maple Leaf Funds