Matrix Funds Management

Matrix Funds Management

November 09, 2011 14:07 ET

Matrix Announces New Second Closing Date for the Matrix 2011-II National and Quebec Resource Flow Through LP

TORONTO, ONTARIO--(Marketwire - Nov. 9, 2011) - Matrix Funds Management ("Matrix") announced today that the second closing of the sale of limited partnership units of the Matrix 2011-II National and Québec Resource Flow Through LP (the "Flow Through LP"), originally scheduled for November 10, 2011, is now expected to occur on November 17, 2011in order to accommodate additional client demand. 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.

Matrix is the manager and portfolio advisor of the Partnership.

The syndicate of agents for the offering is being co-led by Desjardins Securities Inc., National Bank Financial Inc. and BMO Nesbitt Burns Inc. and includes Dundee Securities Ltd., Manulife Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Industrial Alliance Securities Inc., Laurentian Bank Securities Inc., M Partners 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.

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 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 for more information.

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