Front Street Flow-Through 2008-I Limited Partnership

Front Street Flow-Through 2008-I Limited Partnership

February 05, 2010 15:31 ET

Front Street Flow-Through 2008-I Limited Partnership Rollover

TORONTO, ONTARIO--(Marketwire - Feb. 5, 2010) - Front Street Flow-Through 2008-I Limited Partnership (the "Partnership") announced today that it had completed the direct and indirect tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") to Front Street Resource Fund of Front Street Mutual Funds Limited (the "Resource Fund"), as discussed in their press release of January 8, 2010. The Partnership is being dissolved effective on or about February 8, 2010.

10,575,684.270 Class B Shares of the Resource Fund ("Fund Shares") were issued at their net asset value $9.2363 each. The final net asset value per Partnership unit was $22.0287. Accordingly, each holder of Partnership units will receive 2.385013 Fund Shares for each Partnership unit held. The Fund Shares will offer daily liquidity through FundServ as soon as possible, once the individual holders' investment advisor has reconciled the positions with FundServ, under FundServ Code "FSC 401".

Additional Information: The prospectus in respect of Resource Fund is available to limited partners of the Partnership on SEDAR, at www.frontstreetcapital.com, through their broker or by calling Front Street at 1-800-513-2832.

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