Maple Leaf Short Duration 2012 Flow-Through Limited Partnership Quebec Class-Notice of Rollover Transaction
January 16 2013 - 8:00AM
Marketwired Canada
This notice is being sent to advise that Maple Leaf Short Duration 2012
Flow-Through Limited Partnership - Quebec Class (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 basis to the Maple Leaf Resource Class (the "Resource Class Mutual
Fund"), a class of shares of Maple Leaf Corporate Funds Ltd., an open-ended
mutual fund corporation, in exchange for Series A shares of the Resource Class
Mutual Fund. Pursuant to the Liquidity Transaction, limited partners of the
Partnership (the "Partners") will receive the Resource Class Mutual Fund shares
in connection with the dissolution of the Partnership.
Resource Class Mutual Fund shares may be redeemed for cash or retained for
longer-term growth potential and delay incurring a capital gain tax liability
that results upon redemption of the shares. Investors can also transfer their
investment into the Maple Leaf Income Class Mutual Fund (the "Income Class
Mutual Fund") on a non-taxable basis. The Income Class Mutual Fund is
diversified across different types of equity and income orientated securities
and seeks to generate modest growth of capital while utilizing income orientated
investments to stabilize returns.
Additional information about the Resource Class Mutual Fund and Income Class
Mutual Fund is available in their simplified prospectus and annual information
form. These documents are available at www.sedar.com and www.mapleleaffunds.ca.
How the Rollover Will Work:
Pursuant to the Liquidity Transaction, Partners will receive shares of the
Resource Class Mutual Fund in connection with the dissolution of the
Partnership. The effective date of the Liquidity Transaction (the "Effective
Date") is expected to be on or about March 8, 2013. Shortly after the Effective
Date, the shares of the Resource Class Mutual Fund that the Partnership will
receive as consideration for the transfer of its assets will be distributed to
the Partners on a pro rata basis and thereafter the Partnership will be
dissolved.
Partners will receive shares of the Resource Class Mutual Fund in exchange for,
and with a value equal to, the value of the units of the Partnership held at the
time of such transfer of Assets. Partners will receive a number of shares of the
Resource Class Mutual Fund equal to the number of Partnership units held
multiplied by the conversion ratio. The conversion ratio will be equivalent to
the Net Asset Value of units of the Partnership divided by the Net Asset Value
of the shares of the Resource Class Mutual Fund determined at the close of
business on or about March 8, 2013. Shares of the Resource Class Mutual Fund
will be received and Partnership units will be removed from each Partners
account. Processing may take 2 to 3 business days (in some cases longer) to
complete on the dealer side after the rollover occurs. The Partnership will
issue a press release once the conversion ratio has been determined.
The ACB (adjusted cost base) for each unit of the Partnership and each share of
the Resource Class Mutual Fund will be determined by the General Partner upon
the wind-up of the Partnership's affairs. The Partnership will dissolve within
60 days of the Effective Date. The General Partner will communicate the
finalized details at that time.
Partners should consult with their investment advisor and/or tax advisor for all
tax-related matters.
Simplified Example:
A Partner holds 100 Partnership units with a final Net Asset Value of $20.00 on
March 8, 2013 and the net asset value per share of the Resource Class is $10.00
on the same date. Based on these net asset values, the conversion ratio will be
2.0 (2.0 = $20.00 / $10.00). The Partner's 100 units, valued at $2,000, are
removed from the limited partner's account and 200 shares (200 = 100 x 2.0) of
the Resource Class Mutual Fund, valued at $2,000, are added to the limited
partner's account.
Note: Redemptions of the Resource Class Mutual Fund shares ARE NOT subject to
a 30 day short term trading fee. Transactions may be executed as soon as the
dealer has processed the rollover details in the investors' dealer accounts and
verifies with the Partnership's records.
Processing at the dealer level can be delayed after the rollover occurs,
therefore transactions such as switches or redemptions may not be processed
until the Resource Class Mutual Fund shares have been credited to client
accounts.
Neither the Partnership nor the Mutual Fund will accept any liability for
transactions in Resource Class shares executed prior to dealer records being
updated.
Specific Information about the Mutual Fund
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Organization and Management of the Mutual Fund
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Manager: CADO Investment Fund Management Inc.is the
CADO Investment Fund manager of the Mutual Fund and is responsible
Management Inc. for managing the overall business and
609 Granville Street, Suite operations of the Mutual Fund.
808
Vancouver, BC V7Y 1G5
Tel: 604-684-5742
Fax: 604-684-5748
Toll free: 1-866-688-5750
http://www.mapleleaffunds.ca/
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Portfolio Advisor: T.I.P. Wealth Manager Inc. is responsible for
T.I.P. Wealth Manager Inc. managing the investment portfolio of the
("TIP") Funds.
Toronto, Ontario
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Custodian: The custodian has physical custody of the
RBC Investor Services Trust Mutual Fund's property.
Toronto, Ontario
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Registrar: The registrar keeps track of the owners of
RBC Investor Services Trust shares of the Mutual Fund and processes
Toronto, Ontario purchases.
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Auditor: The auditors are responsible for auditing the
PricewaterhouseCoopers LLP annual financial statements of the Mutual
Toronto, Ontario Fund.
The auditors of the Mutual Fund may not be
changed unless the independent review
committee of the Mutual Fund has approved the
change and a written notice describing the
change is sent to unit holders at least 60
days before the effective date of the change.
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Independent Review Committee Canadian securities legislation requires the
(the "IRC") Mutual Fund to have an IRC. The IRC is
composed of three members, each of whom is
independent of us. The mandate of the IRC is
to review, and provide input on, our written
policies and procedures that deal with
conflict of interest matters in respect of
the Mutual Fund and to give their
recommendation regarding and, in some cases,
approve, conflict of interest matters
identified and referred to the IRC by us.
The IRC will prepare, at least annually, a
report of its activities for investors. This
report will be available at our website at
http://www.mapleleaffunds.ca/ or you may
request a copy, at no cost to you, by
contacting us at info@cadobancorp.ca.
Additional information about the IRC,
including the names of the members, is
available in the Mutual Fund's Annual
Information Form.
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Portfolio Advisor
T.I.P. Wealth Manager Inc. ("TIP") will be responsible for the Mutual Fund's
investment activities. Mr. Jim Huang, the President of T.I.P., will act as
Portfolio Manager on behalf of TIP. Mr. Huang has over 19 years of experience
investing in the Canadian capital markets. As lead or co-manager while working
at NATCAN (formerly Altamira), Mr. Huang has managed or co-managed over $2
billion in mutual funds and institutional assets, including all of the resource
and equity income products in the Altamira and National Bank mutual fund
families. Altamira Energy Fund, Altamira Resource Fund, Altamira Precious and
Strategic Metals Fund and AltaFund (a Canadian Equity fund focusing on Western
Canada) had industry-leading performance and won awards and positive press
coverage during Mr. Huang's management. Currently, Mr. Huang is the manager for
the T.I.P. Opportunities Fund, a long/short North American equity hedge fund, as
well as being the lead manager for the Maple Leaf Short Duration Flow-Through
Funds, the Maple Leaf Corporate Funds Ltd. family of mutual funds and a small
cap equity mutual fund.
Additional Information
Additional information about the Mutual Fund will be available in the Mutual
Fund's simplified prospectus, annual information form, management reports of
fund performance and financial statements. You can obtain a copy of these
documents at your request and at no cost by calling toll free 1-866-688-5750, or
from your financial advisor, or by e-mailing info@maplelelaffunds.ca, or at
www.mapleleaffunds.ca.
These documents and other information about the Mutual Fund, such as information
circulars and material contracts, will also be available at SEDAR (the System
for Electronic Document Analysis and Retrieval established by the Canadian
Securities Administrators) at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
CADO Investment Fund Management Inc.
604-684-5742 or Toll Free: 866-688-5750
604-684-5748 (FAX)
info@cadobancorp.ca
www.mapleleaffunds.ca
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