VANCOUVER, BC / ACCESSWIRE / April 20, 2015 / Maple Leaf Short Duration 2015 Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it completed its second and final closing of its public offering of National Class and Quebec Class Units for gross proceeds of $3,042,600. The first and second closing produced cumulative total gross proceeds of $15,147,675.
Partnership Objectives & Benefits - National Class Units
The Partnership was 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 2015 of approximately 100% 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 was designed to provide holders of 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 Québec or are liable to pay income tax in Quebec.
Investors are expected to receive tax deductions for 2015 of up to 132% 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 was led by Scotiabank, BMO Capital Markets, CIBC 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.
FOR FURTHER INFORMATION, PLEASE CONTACT
Hugh Cartwright, Chairman
MAPLE LEAF SHORT DURATION FLOW-THROUGH LIMITED PARTNERSHIPS
Tel: 1-866-688-5750
Email: info@mapleleaffunds.ca
A final prospectus dated February 25, 2015 relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. 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 2015 Flow-Through Limited Partnership
