VANCOUVER, BC / ACCESSWIRE / March 15, 2019 / Maple Leaf Short Duration 2019 Flow-Through Limited Partnership (the 'Partnership") is pleased to announce that it has completed its initial closing on March 14, 2019 whereby they raised gross proceeds of $14,768,425. The books are now reopened and will close on Wednesday, April 17, 2019 at 12 noon (EST) for a final closing on Thursday, April 18.
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 131% 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 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
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:
Hugh Cartwright, Chairman
MAPLE LEAF SHORT DURATION FLOW-THROUGH PROGRAMS
Tel: 1-866-688-5750
Email: info@mapleleaffunds.ca
Web: www.MapleLeafFunds.ca
SOURCE: Maple Leaf Funds
View source version on accesswire.com:
https://www.accesswire.com/539229/Maple-Leaf-Short-Duration-2019-Flow-Through-Limited-Partnership-NATIONAL-QUEBEC-CLASS-14768425-Raised-Books-now-open-for-a-final-closing-on-April-18-2019
