Matrix Funds Management

Matrix Funds Management
Matrix Asset Management Inc.

Matrix Asset Management Inc.

April 27, 2012 13:17 ET

Matrix Announces Final Closing for the Matrix 2012-I National and Quebec Resource Flow Through LP

TORONTO, ONTARIO--(Marketwire - April 27, 2012) - Matrix Funds Management ("Matrix") is pleased to announce the final closing of the sale of limited partnership units of the Matrix 2012-I National and Québec Resource Flow Through LP (the "Flow Through LP"). Total gross proceeds raised were $14.9 million. 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.

Matrix is the manager and portfolio advisor of the Partnership.

The Matrix 2012-I National and Québec Resource Flow Through LP initial public offering was co-led by Desjardins Securities Inc. and National Bank Financial Inc. with other syndicate members including BMO Nesbitt Burns Inc., TD Securities Inc., Industrial Alliance Securities Inc., Manulife Securities Incorporated, Canaccord Genuity Corp., Laurentian Bank Securities Inc., Dundee Securities Ltd., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Rothenberg Capital Management Inc. and Union Securities Ltd.

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

About Matrix Funds Management

Matrix Funds Management (a division of Growth Works Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (TSX:MTA). 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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