Maple Leaf Short Duration 2010 Flow-Through Limited Partnership

Maple Leaf Short Duration 2010 Flow-Through Limited Partnership

November 23, 2010 13:49 ET

Maple Leaf Short Duration 2010 Flow-Through Limited Partnership: Offering Closed-$22,978,000 Raised

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - Maple Leaf Short Duration 2010 Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it has completed the final closing of its public offering of Limited Partnership Units on November 19, 2010. The Partnership issued in total, 919,120 Units for gross proceeds of $22,978,000.

Partnership Objectives. Maple Leaf Short Duration 2010 Flow-Through Limited Partnership (the "Partnership") will provide Limited Partners of the Partnership with a tax-assisted investment in a diversified portfolio of Flow-Through Shares of mineral and energy exploration, development and/or production companies and possibly certain renewable energy production companies (the "Resource Companies") with a view to achieving capital appreciation and income for Limited Partners.

Tax Benefits. Investors are expected to receive tax deductions for 2010 of approximately 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

The Syndicate. The syndicate of agents for the offering was co-led by Dundee Capital Markets and Scotia Capital Inc., and included HSBC Securities (Canada) Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Wellington West Capital Markets Inc., Mackie Research Capital Corp., Raymond James Ltd., Manulife Securities Inc., M Partners Inc., PI Financial Corp. and Sora Group Wealth Advisors Inc.

Investment Guidelines. The Partnership has developed investment guidelines and restrictions which govern the Partnership's overall investment activities, which include the following:

  Investment Restrictions
Type of Investment (% of NAV upon investment)
Resource Companies listed on a stock exchange 100%
Resource Companies with a market cap  
 of at least $40 MM At least 50%
Investments in any one Resource Company Not more than 20%
Investment in Related Entities Not more than 10%

In addition, the investment portfolio of the Partnership will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.

The Portfolio Manager. Jim Huang, CFA, CGA, is the President and Portfolio Manager of T.I.P. Wealth Manager Inc., (the "Investment Manager") and will act as Portfolio Manager on behalf of the Investment Manager.

Mr. Huang has over 17 years of investment experience and was a Vice-President and portfolio manager at Natcan Investment Management Inc. and its predecessor Altamira Management Ltd. from November 1998 to March 2006. Prior to that, from February 1996 to November 1998, he was a Senior Research Analyst/Investment Officer at Sun Life of Canada.

As lead or co-manager while working at Natcan/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.

Mr. Huang has extensive experience managing flow-through limited partnerships, namely Jov Flow-Through Limited Partnerships, Fairway Energy Limited Partnerships, Rhone Flow-Through Limited Partnerships and Alpha Energy Limited Partnerships.

A final prospectus dated October 22, 2010 relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada except Quebec for the purpose of distribution to the public. This release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please contact your investment advisor or Maple Leaf Short Duration Flow-Through to obtain a copy of the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Capitalized terms not defined herein have the meanings set forth in the prospectus.

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