VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2014) - Qwest Investment Management Corp. is pleased to announce that on May 14, 2014, the assets of Qwest 2012 Oil & Gas Flow-Through Limited Partnership (the "Partnership") rolled, on a tax-deferred basis, to Qwest Funds Corp.'s Series A shares of Qwest Energy Canadian Resource Class (the "Mutual Fund").
Partnership's Rollover Net Asset Value
The Partnership's rollover net asset value ("NAV"), as calculated at the close of business on May 13, 2014, was $21.45 per Partnership unit.
Mutual Fund Shares Distribution
As a result of the Partnership rollover, each limited partner will receive approximately 11.34010 shares of the Mutual Fund per limited partnership unit held, on or about May 16, 2014. The rollover is a tax-deferred event and does not trigger capital gains until a limited partner decides to sell their Mutual Fund shares.
About The Mutual Fund
The Mutual Fund is an open-ended mutual fund corporation with an investment objective of achieving long- term capital appreciation by investing primarily in equity securities of publicly traded Canadian companies involved in the energy and natural resources sector. The Mutual Fund is managed by our Calgary-based portfolio manager, Mr. Don Short, Senior Vice-President and Portfolio Manager, Qwest Investment Fund Management Ltd.
Corporate Class of Funds
Investors in the Mutual Fund have the option to switch to Qwest Funds Corp.'s other corporate class of funds.
About Qwest Investment Management Corp.
Qwest Investment Management Corp. is an investment management firm which specializes in identifying, structuring and managing strategic investment products. For further information please visit our website at www.qwestfunds.com.