TORONTO, ONTARIO--(Marketwired - Jan. 13, 2014) -CMP 2012 Resource Limited Partnership ("CMP 2012") and Canada Dominion Resources 2012 Limited Partnership ("Canada Dominion 2012" and together with CMP 2012, the "Partnerships") are pleased to announce that they have each completed the transfer of assets into Dynamic Managed Portfolios Ltd. ("DMP Ltd.") in exchange for shares of DMP Resource Class.
On the date of transfer, January 10, 2014, the net asset values for CMP 2012, Canada Dominion 2012 and DMP Resource Class were $514.75 per unit, $14.90 per unit and $8.51 per share, respectively. Upon the dissolution of the Partnerships, on or about February 24, 2014, shares of DMP Resource Class will be distributed to limited partners. In the interim, investors in the Partnerships can determine a value for their holdings in DMP Resource Class by multiplying the number of units they held in CMP 2012 and Canada Dominion 2012 by 60.4652 and 1.7497 shares of DMP Resource Class, respectively. The derived net asset value per unit of the Partnerships will continue to be available on the website of Goodman & Company, Investment Counsel Inc. ("GCICI") (www.goodmanandcompany.com) until the dissolution of the Partnerships.
DMP Ltd., an open-ended mutual fund corporation, offers multiple classes of mutual fund shares, including DMP Resource Class. Each class of shares constitutes a separate mutual fund (each a "DMP Fund"), the DMP Resource Class being one of the DMP Funds. DMP Resource Class is managed by 1832 Asset Management L.P. ("1832") and sub-advised by GCICI. The multiple class structure of DMP Ltd. allows investors to switch between the DMP Funds on a tax-deferred basis and reposition their investment portfolios to meet their individual investment requirements.
CMP™ is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $2.92 billion in companies active in exploration and development efforts across Canada. When combined with the flow-through limited partnerships of Canada Dominion, the two form the largest flow-through investing platform in Canada, raising a combined total of more than $4.2 billion in assets throughout their history.
About Canada Dominion
Canada Dominion is a leader in flow-through share finance. Since its first partnership was introduced in 1998, Canada Dominion has successfully raised and invested over $1.2 billion in companies involved in exploration and development efforts in Canada's resource sector. The offerings of Canada Dominion, when combined with those of the flow-through limited partnerships of CMP™, form Canada's largest flow-through platform, raising a combined total of more than $4.2 billion in assets throughout their history.
GCICI, manager of the Partnerships, is a wholly-owned subsidiary of Dundee Corporation and is led by Ned Goodman, CFA, utilizing a team of resource specialists.
About 1832 Asset Management L.P.
1832 Asset Management L.P. offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.