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Maple Leaf Short Duration 2011-II Flow-Through LP - Quebec Class - Rollover Transaction Completed May 8, 2012

May 09, 2012


VANCOUVER, BRITISH COLUMBIA
Maple Leaf Short Duration 2011-II Flow-Through Limited Partnership – Quebec Class  (the “Partnership”) pleased to announce that at the close of business on Tuesday, May 8, 2012 the Partnership completed its Mutual Fund rollover transaction whereby the assets of the Partnership were transferred to the Maple Leaf Resource Class mutual fund (the “Mutual Fund”), an open-ended mutual fund corporation, in exchange for Resource Class - Series A shares of the Mutual Fund.

Jim Huang of TIP Wealth Manager, the portfolio manager of the Partnership will continue as the portfolio manager of the Mutual Fund (please see enclosed biography for further details on Jim Huang and his portfolio management style and experience).  This roll-over is on a tax-deferred exchange basis therefore no capital gains tax is payable on this transaction. There will be no fees charged on either the rollover to the Mutual Fund or on redemption of the Mutual Fund shares, however, when the Mutual Fund shares are sold, there will be a capital gain tax liability.

Investor’s shares of the Mutual Fund have been automatically deposited into investor’s brokerage account and investors may now elect to:

  • Hold onto the Resource Class shares with the goal of achieving long term growth, capital appreciation and to further defer capital gains tax (please see enclosed Resource Class Portfolio information).    
  • Switch tax free into the Maple Leaf Income Class shares with the goal of achieving long term growth, regular income and again defer capital gains taxes (please see enclosed Income Class Portfolio information).    
  • Redeem the mutual fund shares for cash (investors will have a capital gain tax liability upon redemption of Mutual Fund shares).

The Mutual Fund shares are a qualified investment for RRSPs, RRIFs, RESPs, DPSPs, RDSPs and TFSAs.  Investors are encouraged to contact their Investment Advisor for advice and assistance with any of the above options.

Notes:

  • There will be no fees charged on the rollover to the Mutual Fund, for switches, or on redemption of the Mutual Fund shares.
  • There may be delays (administrative and/or processing) between the rollover date, being May 8, 2012, and the date the Mutual Fund shares show in your account.
  • Transactions including redemptions and switches may only be executed once the dealer has processed the rollover and the Mutual Fund shares show in investor accounts.

 

IMPORTANT ROLLOVER DETAILS

LIMITED PARTNERSHIP: Maple Leaf Short Duration 2011-II Flow-Through Limited Partnership
QUEBEC CLASS CUSIP: 56530Y205

MUTUAL FUND:  Maple Leaf Resource Class mutual fund

FUND CODE:  CDO100

ROLLOVER DATE

LIMITED PARTNERSHIP NAV @ ROLLOVER

MUTUAL FUND NAV @ ROLLOVER

MUTUAL FUND ACB @ ROLLOVER

CONVERSION FACTOR

AFTER-TAX RETURN

May 8, 2012

$11.8652

$8.3529

0.3098

1.4204

9.46%

* After-tax return is calculated by including tax savings from investment tax credits, CEE and other operating deductions at an assumed marginal tax rate of 45% and includes the payment of capital gains tax on disposition of Mutual Fund shares.


MAPLE LEAF RESOURCE CLASS MUTUAL FUND
The Resource Class Mutual Fund seeks to maximize capital appreciation by investing in equity securities of natural resource companies and companies that support resource companies, therefore the portfolio will consist primarily of investments which generate capital gains from resource stocks, but may also include investments which generate income.  

Jim Huang, the portfolio manager of the Resource Class mutual fund will make investments in resource companies which he believes are undervalued.  These investments will include, in particular, securities of resource companies with improving fundamentals such as growing revenues and earnings, strong balance sheets and solid management, capital structure and attractive assets.

MAPLE LEAF INCOME CLASS MUTUAL FUND
The Income Class mutual fund seeks to achieve a high level of dividend income as is consistent with prudent levels of capital preservation and liquidity.  This mutual fund primarily invests in equity and equity-related securities that pay dividends or distributions. 

Jim Huang, the Portfolio Manager of the Income Class mutual fund, will make investments in securities which he believes are undervalued.  These will include, in particular, securities of issuers with improving fundamentals such as growing revenues and earnings, strong balance sheets and solid management, capital structure and business franchises.

 

ABOUT MAPLE LEAF
Maple Leaf is a privately held, independent firm whose executive members have participated in the formation of over $500 million of capital based on energy and resource focused alternative investment products for Canadian resident investors.  

With portfolio management by Jim Huang, one of Canada’s top performing investment fund managers, Maple Leaf products are structured to provide key investment features such as:  tax deductions of up to 100%, accelerated liquidity, the opportunity to convert income into capital gains on an annual basis, as well as to provide tax assisted and/or tax deferred monthly income.

 

ADDITIONAL INFORMATION
Additional information about the Mutual Fund is available in the Mutual Fund’s simplified prospectus (enclosed), annual information form, management reports of fund performance and financial statements. You can obtain a copy of these documents at your request and at no cost by calling toll free 1-866-688-5750, or from your financial advisor, or by e-mailing info@mapleleaffunds.ca, or by download at www.mapleleaffunds.ca 

This document is provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).

FOR FURTHER INFORMATION

With respect to the Mutual Fund or the Limited Partnership, please contact:

CADO Investment Fund Management Inc.
609 Granville Street, Suite 808 Vancouver BC   V7Y 1G5
Tel:  604.684.5742    |   Toll Free:  866.688.5750   |   Fax:  604.684.5748 
Email: info@mapleleaffunds.ca    |   Web: www.mapleleaffunds.ca

 

Corporate Office

Maple Leaf Funds 
Suite 808, 609 Granville Street
Vancouver, BC V7Y 1G5 

Telephone
Telephone
Telephone
Telephone:  1+ (604) 684 5750 

Fax:               1+ (604) 684 5748

Email:            info@mapleleaffunds.ca