TORONTO, ONTARIO–(Marketwire – Jan 16, 2013) – This apprehension is actuality beatific to admonish that Maple Leaf Abbreviate Duration 2012 Flow-Through Bound Partnership – National Chic (the “Partnership”) will be proceeding with a transaction (the “Liquidity Transaction”) pursuant to which the assets of the Partnership (the “Assets”) will be transferred on a tax-deferred abject to the Maple Leaf Ability Chic (the “Resource Chic Alternate Fund”), a chic of shares of Maple Leaf Corporate Funds Ltd., an advancing alternate armamentarium corporation, in barter for Series A shares of the Ability Chic Alternate Fund. Pursuant to the Liquidity Transaction, bound ally of the Partnership (the “Partners”) will acquire the Ability Chic Alternate Armamentarium shares in affiliation with the dissolution of the Partnership.
Resource Chic Alternate Armamentarium shares may be adored for banknote or retained for longer-term advance abeyant and adjournment incurring a basic accretion tax accountability that after-effects aloft accretion of the shares. Investors can additionally alteration their advance into the Maple Leaf Assets Chic Alternate Armamentarium (the “Income Chic Alternate Fund”) on a non-taxable basis. The Assets Chic Alternate Armamentarium is adapted beyond altered types of disinterestedness and assets orientated balance and seeks to accomplish bashful advance of basic while utilizing assets orientated investments to balance returns.
Additional advice about the Ability Chic Alternate Armamentarium and Assets Chic Alternate Armamentarium is accessible in their simplified announcement and anniversary advice form. These abstracts are accessible at www.sedar.com and www.mapleleaffunds.ca.
How the Rollover Will Work:
Pursuant to the Liquidity Transaction, Ally will acquire shares of the Ability Chic Alternate Armamentarium in affiliation with the dissolution of the Partnership. The able date of the Liquidity Transaction (the “Effective Date”) is accepted to be on or about March 8, 2013. Shortly afterwards the Able Date, the shares of the Ability Chic Alternate Armamentarium that the Partnership will acquire as application for the alteration of its assets will be broadcast to the Ally on a pro rata abject and thereafter the Partnership will be dissolved.
Partners will acquire shares of the Ability Chic Alternate Armamentarium in barter for, and with a amount according to, the amount of the units of the Partnership captivated at the time of such alteration of Assets. Ally will acquire a cardinal of shares of the Ability Chic Alternate Armamentarium according to the cardinal of Partnership units captivated assorted by the about-face ratio. The about-face arrangement will be agnate to the Net Asset Amount of units of the Partnership disconnected by the Net Asset Amount of the shares of the Ability Chic Alternate Armamentarium bent at the aing of business on or about March 8, 2013. Shares of the Ability Chic Alternate Armamentarium will be accustomed and Partnership units will be removed from anniversary Ally account. Processing may booty 2 to 3 business canicule (in some cases longer) to complete on the banker ancillary afterwards the rollover occurs. The Partnership will affair a columnist absolution already the about-face arrangement has been determined.
The ACB (adjusted amount base) for anniversary assemblage of the Partnership and anniversary allotment of the Ability Chic Alternate Armamentarium will be bent by the General Partner aloft the cleanup of the Partnership”s affairs. The Partnership will deliquesce aural 60 canicule of the Able Date. The General Partner will acquaint the accomplished capacity at that time.
Partners should argue with their advance adviser and/or tax adviser for all tax-related matters.
A Partner holds 100 Partnership units with a final Net Asset Amount of $20.00 on March 8, 2013 and the net asset amount per allotment of the Ability Chic is $10.00 on the aforementioned date. Based on these net asset values, the about-face arrangement will be 2.0 (2.0 = $20.00 / $10.00). The Partner”s 100 units, admired at $2,000, are removed from the bound partner”s anniversary and 200 shares (200 = 100 x 2.0) of the Ability Chic Alternate Fund, admired at $2,000, are added to the bound partner”s account.
Note: Redemptions of the Ability Chic Alternate Armamentarium shares ARE NOT accountable to a 30 day abbreviate appellation trading fee. Affairs may be accomplished as anon as the banker has candy the rollover capacity in the investors” banker accounts and verifies with the Partnership”s records.
Processing at the banker akin can be delayed afterwards the rollover occurs, accordingly affairs such as switches or redemptions may not be candy until the Ability Chic Alternate Armamentarium shares acquire been accustomed to applicant accounts.
Neither the Partnership nor the Alternate Armamentarium will acquire any accountability for affairs in Ability Chic shares accomplished above-mentioned to banker annal actuality updated.
Specific Advice about the Alternate Armamentarium
The auditors of the Alternate Armamentarium may not be afflicted unless the absolute analysis board of the Alternate Armamentarium has accustomed the change and a accounting apprehension anecdotic the change is beatific to assemblage holders at atomic 60 canicule afore the able date of the change.
The IRC will prepare, at atomic annually, a address of its activities for investors. This address will be accessible at our website at http://www.mapleleaffunds.ca/ or you may appeal a copy, at no amount to you, by contacting us at [email protected] Additional advice about the IRC, including the names of the members, is accessible in the Alternate Fund”s Anniversary Advice Form.
T.I.P. Wealth Administrator Inc. (“TIP”) will be amenable for the Alternate Fund”s advance activities. Mr. Jim Huang, the President of T.I.P., will act as Portfolio Administrator on account of TIP. Mr. Huang has over 19 years of acquaintance advance in the Canadian basic markets. As advance or co-manager while alive at NATCAN (formerly Altamira), Mr. Huang has managed or co-managed over $2 billion in alternate funds and institutional assets, including all of the ability and disinterestedness assets articles in the Altamira and National Bank alternate armamentarium families. Altamira Energy Fund, Altamira Ability Fund, Altamira Precious and Strategic Metals Armamentarium and AltaFund (a Canadian Disinterestedness armamentarium absorption on Western Canada) had industry-leading achievement and won awards and absolute columnist advantage during Mr. Huang”s management. Currently, Mr. Huang is the administrator for the T.I.P. Opportunities Fund, a long/short North American disinterestedness barrier fund, as able-bodied as actuality the advance administrator for the Maple Leaf Abbreviate Duration Flow-Through Funds, the Maple Leaf Corporate Funds Ltd. ancestors of alternate funds and a baby cap disinterestedness alternate fund.
Additional advice about the Alternate Armamentarium will be accessible in the Alternate Fund”s simplified prospectus, anniversary advice form, administration letters of armamentarium achievement and banking statements. You can access a archetype of these abstracts at your appeal and at no amount by calling assessment chargeless 1-866-688-5750, or from your banking advisor, or by e-mailing [email protected], or at www.mapleleaffunds.ca.
These abstracts and added advice about the Alternate Fund, such as advice circulars and actual contracts, will additionally be accessible at SEDAR (the System for Electronic Document Analysis and Retrieval accustomed by the Canadian Balance Administrators) at www.sedar.com.
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