Maple Leaf 2011 Energy Income Limited Partnership
Divested to Maple Leaf Royalties Corp. on December 16, 2014
Maple Leaf 2011 Energy Income Limited Partnership (the "Partnership" or
"2011 Fund") completed its disposition of royalty interests to Maple
Leaf Royalties Corp. (TSX.V: MPL) on December 16, 2014.
Investors received 81.25925 Maple
Leaf Royalties shares (the “Shares”) for each Partnership unit held. The
Shares were 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 received
total cash distributions of $29.67 per $100 invested and tax deductions
of $57.61 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.
LIMITED PARTNERSHIP DETAILS
LP INCEPTION:
| June 27, 2011
|
LP OFFERING CLOSED:
| October 27, 2011
|
CUSIP:
| 56530X108
|
TAX SHELTER ID:
| TS 078725
|
ORIGINAL LP UNIT PRICE:
| $100 per LP unit
|
TOTAL CASH DISTRIBUTIONS:
| $29.67 per LP unit
$29.67 |
TOTAL TAX DEDUCTIONS TO-DATE:
| $57.61 per LP unit
|
| DIVESTITURE COMPLETED: | 1.25925#sthash.1cvAhtpz.dpuf
December 15, 2014
|
SHARES TRANSFERRED:
| January 23, 2015
|
PubCo Details
The Maple Leaf Royalties Corp. 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 transactions (which was December 16, 2014).
PUBCO TRADING SYMBOL:
| TSX.V: MPL
|
SHARE PRICE AT TRANSFER:
| $0.38 per Share.
0.38
per Share. To view current share price click here. - See more at:
http://www.mapleleaffunds.ca/RoyaltyIncome/FundsDistributions/Divested/2011Fund.aspx?cmspagemode=preview#sthash.tU9MB2lv.dpuf $0.38
per Share. To view current share price click here. - See more at:
http://www.mapleleaffunds.ca/RoyaltyIncome/FundsDistributions/Divested/2011Fund.aspx?cmspagemode=preview#sthash.tU9MB2lv.dpuf |
CONVERSION FACTOR / RATIO:
| 81.25925 Shares for each LP unit held(1)
|
ACB AT TRANSFER:
| $0.02760 per Share
|
CUSIP 56531N307 EXPIRY:
| 4 month trade restrictions expire April 16, 2015
|
CUSIP 56531N208 EXPIRY:
| 8 month trade restrictions expire August 16, 2015
$29.67 |
CUSIP 56531N406 EXPIRY:
| 12 month trade restrictions expire December 16, 2015
|
(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.