Maple Leaf 2012 Energy Income Limited Partnership

Divested to Maple Leaf Royalties Corp. on January 30, 2015


 

Maple Leaf 2012 Energy Income Limited Partnership (the "Partnership" or "2012 Fund") completed its disposition of royalty interests to Maple Leaf Royalties Corp. (TSX.V: MPL) on January 30, 2015. 

Investors received 115.05450 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 $30.55 per $100 invested and tax deductions of $60.23 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:
  January 16, 2012
  LP OFFERING CLOSED:
  April 12, 2012
  CUSIP:
  56531E109
  TAX SHELTER ID:
  TS 079392
  ORIGINAL LP UNIT PRICE:
  $100 per LP unit
  TOTAL CASH DISTRIBUTIONS:
 $30.55 per LP unit
$29.67
  TOTAL TAX DEDUCTIONS TO-DATE:
  $60.23 per LP Unit
  DIVESTITURE COMPLETED:
1.25925#sthash.1cvAhtpz.dpuf
 January 30, 2015
  SHARES TRANSFERRED: 
 February 10, 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.
$0.45 per Share. To view current share price click here. - See more at: http://www.mapleleaffunds.ca/royaltyincome/fundsdistributions/divested/2012-iiei.aspx#sthash.7ElTBLde.dpuf
$0.45 per Share. To view current share price click here. - See more at: http://www.mapleleaffunds.ca/royaltyincome/fundsdistributions/divested/2012-iiei.aspx#sthash.7ElTBLde.dpuf
  CONVERSION FACTOR / RATIO:
  115.05450 Shares for each LP unit held(1)
  ACB AT TRANSFER:
  $0.06561 per Share(2)
  CUSIP 56531N5055 EXPIRY:
  4 month trade restrictions expire May 31, 2015
  CUSIP 56531N6046 EXPIRY:
  8 month trade restrictions expire September 30, 2015 
$29.67
  CUSIP 56531N7036 EXPIRY:
  12 month trade restrictions expire January 30, 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.