Matrix Funds Management

Matrix Funds Management

February 25, 2011 13:47 ET

Matrix Announces Filing of Final Prospectus for Matrix 2011-I National and Quebec Resource Flow Through LP

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2011) - Matrix Funds Management* ("Matrix") is pleased to announce the filing of the final prospectus for the initial public offering of limited partnership units of Matrix 2011-I National and Québec Resource Flow Through LP (the "Flow Through LP"). The Flow Through LP is a flow-through investment fund with a dual-class structure to allow investors to obtain limited partnership units of a National portfolio (the "National Class Units") or limited partnership units of a Québec portfolio (the "Québec Class Units" and, together with the National Class Units, the "Units"), each with its own investment objectives and distinct tax deductions. The National Class Unit is suitable for investors who are Canadian residents subject to Canadian income tax. The Québec Class Unit is primarily suitable for investors who are residents of the Province of Québec subject to Québec income tax.

The Flow Through LP will primarily invest in flow-through shares of resource issuers engaged in mineral or oil and gas exploration and/or development in Canada and Québec, with a view to maximizing the tax benefit of an investment in the Flow Through LP's Units, preserving capital and achieving capital appreciation for holders of the National Class Units and holders of Québec Class Units. The offering has been set at a maximum of $25,000,000 for the National Class and $20,000,000 for the Québec Class. The initial closing of the offering is expected to occur on March 04, 2011.

Matrix is the manager and portfolio advisor of the Flow Through LP.

The syndicate of agents for the offering is being co-led by Desjardins Securities Inc., CIBC World Markets Inc. and Scotia Capital Inc. with other syndicate members including BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Industrial Alliance Securities Inc., Raymond James Ltd., Dundee Securities Ltd., Laurentian Bank Securities Inc., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Union Securities Ltd. and Wellington West Capital Markets Inc.

Matrix and the FlowThrough LP are represented by Blake, Cassels & Graydon LLP and the syndicate of agents is represented by McCarthy Tétrault LLP.

This offering is made by prospectus and by way of private placement. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any IIROC registered financial advisor. Investors should read the prospectus before making an investment decision.

About Matrix Funds Management*

Matrix Funds Management (a division of GrowthWorks Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (MTA:TSX). Matrix provides diversified asset and wealth management for both individuals and institutional investors. Please visit www.matrixfunds.ca for more information.

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