VANCOUVER, BC / ACCESSWIRE / October 21, 2019 / Maple Leaf Short Duration 2019-II Flow-Through Limited Partnership (the “Partnership”) is pleased to announce that it has completed its initial closing on October 17, 2019 whereby they raised gross proceeds of $18,244,150.00. The Partnership sold out its Quebec Class offering issuing 600,000 Quebec Class Units at a price of $25 per unit. The books are now reopened for the National Class and will close on Wednesday, November 13, 2019 at 12 noon (EST) for a final closing on Thursday, November 14, 2019.
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 2019 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 2019 of up to approximately 130% 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 led by Scotia Capital Inc. and includes CIBC World Markets Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., Industrial Alliance Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Echelon Wealth Partners Inc., Manulife Securities Incorporated, Raymond James Ltd. 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
A final prospectus dated September 27, 2019 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 2019-II Flow-Through Limited Partnership
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