VANCOUVER, BC /ACCESSWIRE/February 18, 2022/ Maple Leaf Short Duration 2022 Flow-Through Limited Partnership (the “Partnership”) is pleased to announce that it completed its initial closing on February 17, 2022 for gross proceeds of $35,955,225.00. The books are now reopened and will close Wednesday, March 23, 2022 at 12:00 p.m. (EST) for a permanent closure on Thursday, March 24, 2022.
Partnership Objectives and Benefits – National Class Shares
The Partnership is designed to provide holders of Series A and Series F National Class Units (“National Class Limited Partners”) with an investment in a diversified portfolio of flow-through shares of Resource Companies incurring Qualifying Expenditures ( as such terms are defined in the Prospectus) throughout Canada with a view to maximizing the tax advantages of an investment in the National Class Units and to achieve capital appreciation and/or income for Limited Partners of national category. National Class Limited Partners must be residents of Canada or subject to Canadian income tax.
Investors are expected to receive tax deductions for 2022 of approximately 100% of the amount invested based on and subject to certain conditions set out in the Prospectus.
Objectives and Benefits of the Partnership – Quebec Class Units
The Partnership is designed to provide holders of Series A and Series F Quebec Class Units (the “Quebec Class Limited Partners”) with an investment in a diversified portfolio of flow-through shares of Natural Resource Companies incurring Qualifying Expenditures primarily in the province of Quebec with a view to maximizing the tax benefits of an investment in Quebec Class Units and to achieve capital appreciation and/or income for Quebec Class Limited Partners. Quebec Class Units are more suitable for investors resident in the province of Quebec or who are subject to income tax in Quebec.
Investors are expected to benefit from tax deductions for 2022 of up to approximately 131% of the amount invested based on and subject to certain conditions set out in the Prospectus.
The investment portfolios of the National Class and Quebec Class Units will be actively managed so as to preserve the ability to undertake a future liquidity event, such as a rollover in a mutual fund corporation.
The syndicate of placement agents is led by Scotia Capital Inc. and includes National Bank Financial Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., iA Wealth Management Inc., Richardson Wealth Limited, Canaccord Genuity Corp. , Desjardins Securities Inc., Echelon Wealth Partners Inc., Manulife Securities Incorporated, Raymond James Ltd. and Laurentian Bank Securities Inc.
A copy of the Prospectus may be obtained from any agent.
Each of the provinces of Canada.
FOR MORE INFORMATION, PLEASE CONTACT:
Hugh Cartwright, President
MAPLE LEAF SHORT TERM PASSIVE PROGRAMS
E-mail: [email protected]
A final prospectus dated September 15, 2021 relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. This press release is provided for informational purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read 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 meaning given to them in the Prospectus.
THE SOURCE: Maple Leaf Short Duration 2022 Flow-Through Limited Partnership
See the source version on accesswire.com: