Front Street Flow-Through 2010-I Limited Partnership

Front Street Flow-Through 2010-I Limited Partnership
Front Street Flow-Through 2010-II Limited Partnership

Front Street Flow-Through 2010-II Limited Partnership

February 03, 2012 16:49 ET

Front Street Flow-Through 2010-I Limited Partnership and Front Street Flow-Through 2010-II Limited Partnership: Rollover and Dissolution

TORONTO, ONTARIO--(Marketwire - Feb. 3, 2012) - Front Street Flow-Through 2010-I Limited Partnership (the "2010-I Partnership") and Front Street Flow-Through 2010-II Limited Partnership (the "2010-II Partnership") announced today that they had completed the direct and indirect tax-deferred transfer of the assets of the 2010-I Partnership and the 2010-II Partnership (the "Mutual Fund Rollover Transaction") into Front Street Mutual Funds Limited (the "Rollover Fund"), as discussed in their press release of January 4, 2012. The Partnerships are being dissolved effective on or about February 10, 2012.

Class B Shares of the Front Street Resource Fund of Front Street Mutual Funds Limited ("Fund Shares") were issued at $10.4349 each.

The final net asset value per 2010-I Partnership unit was $19.5443. 2010-I Partnership units were converted at the rate of 1.872974 Fund Shares for each 2010-I Partnership unit.

The final net asset value per 2010-II Partnership unit was $15.4768. 2010-II Partnership units were converted at the rate of 1.483177 Fund Shares for each 2010-II Partnership unit.

The Fund Shares will offer daily liquidity through FundServ as soon as possible after the rollover, once the individual holders' investment advisor has reconciled the positions with FundServ, under FundServ Code "FSC 401".

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

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