Maple Leaf 2012-II Energy Income Limited Partnership

Divested to Maple Leaf Royalties Corp. on April 1, 2015


 

Maple Leaf 2012-II Energy Income Limited Partnership (the "Partnership" or "2012-II Fund") completed its disposition of royalty interests to Maple Leaf Royalties Corp. (TSX.V: MPL) on April 1, 2015. 

Investors received 90.329 Maple Leaf Royalties shares (the “Shares”) for each Partnership unit held. The Shares will be transferred on a tax deferred basis. Should investors elect to sell their Shares at some time in the future, capital gains tax will be payable. 

Pursuant to the Partnership's unique business model, investors have received total cash distributions of $19.95 per $100 invested and tax deductions of $43.68 to date. Over the next few years, investors will continue to realize further tax deductions such that aggregate tax deductions will equal approximately 100% of invested capital.

On January 27, 2016, Maple Leaf Royalties Corp. entered into a plan of arrangement whereby Eagle Energy Trust acquired all of the issued and outstanding common shares of Maple Leaf Royalties Corp. and converted into a corporation called “Eagle Energy Inc.”. The common shares of Eagle Energy Inc. are listed on the Toronto Stock Exchange under the symbol “EGL”.  For further information, please refer to the January 27, 2016 News Release or Eagle's website www.eagleenergytrust.com.


Limited Partnership Details

  LP INCEPTION:
  August 30, 2012
  LP OFFERING CLOSED:
  November 29, 2012
  CUSIP:
  56531F106
  TAX SHELTER ID:
  TS 080010
  ORIGINAL LP UNIT PRICE:
  $100 per LP unit
  TOTAL CASH DISTRIBUTIONS:
 $19.95 per LP unit
$29.67
  TOTAL TAX DEDUCTIONS TO-DATE:
  $43.68 per LP Unit
  DIVESTITURE COMPLETED:  April 1, 2015
  SHARES TRANSFERRED: 
 April 20, 2015


PUBCO Details

The Maple Leaf Royalties Shares are subject to resale restrictions with one-third being released from resale restrictions on each of the 4, 8 and 12 month anniversaries of the closing date of the transaction (which was April 1, 2015).

  PUBCO TRADING SYMBOL:
  TSX.V: MPL
  SHARE PRICE AT TRANSFER:
  
$0.38 per Share. To view current share price click here. - See more at: http://www.mapleleaffunds.ca/royaltyincome/fundsdistributions/divested/2011fund.aspx#sthash.SfrqDOhF.dpuf
$0.35 per Share.
  CONVERSION FACTOR / RATIO:
   90.329 Shares for each per LP unit held(1)
  ACB AT TRANSFER:
  
$0.05432 per Share(2)
$0.05432 per Share(2)
  CUSIP 56531N802 EXPIRY:  
   4 month trade restrictions expire August 2, 2015
  CUSIP 56531N885 EXPIRY: 
   8 month trade restrictions expire December 1, 2015   
  CUSIP 56531N877 EXPIRY: 
   12 month trade restrictions expire April 1, 2016  

(1)  To determine the number of Shares received after the divestiture, multiply your number of Limited Partnership units by the conversion factor.

(2)  The ACB is required when you sell Shares of Maple Leaf Royalties Corp. to determine capital gains or losses for tax reporting.