VANCOUVER, BC / ACCESSWIRE / Maple Leaf Short Duration 2014 Flow-Through Limited Partnership (the “Partnership") is pleased to announce that it completed its initial closing on February 14, 2014. The Partnership issued National Class Units and Quebec Class Units at a price of $25 per unit, for aggregate gross proceeds of $8,368,450. The books have now re-opened in connection with a second and final closing on Friday, March 28, 2014. The books for the second and final closing will close on Thursday, March 27, 2014 at 12 noon (EST) or sooner, if sold out.
Partnership Objectives & Benefits – National Class
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 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.
Partnership Objectives & Benefits – Québec Class
The Partnership is designed to provide holders of its 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 2014 of up to 150% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.
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 of agents for the offering is being co-led by Scotiabank and National Bank Financial Inc. and includes, BMO Capital Markets, Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Manulife Securities Incorporated, Burgeonvest Bick Securities Limited, Dundee Securities Ltd. and Mackie Research Capital Corporation. A copy of the Prospectus can be obtained from any agent.
Each of the provinces and territories of Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT
Hugh Cartwright, Chairman
MAPLE LEAF SHORT DURATION 2014
FLOW-THROUGH MANAGEMENT CORP.
This offering is made only by prospectus. The Prospectus 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 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. The Prospectus contains important detailed information about the securities being offered. Copies of the Prospectus may be obtained from one of the agents noted above. 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.
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