ACCESS Newswire
25 Sep 2021, 00:08 GMT+10
VANCOUVER, BC / ACCESSWIRE / September 24, 2021 / Maple Leaf Short Duration 2021-II Flow-Through Limited Partnership (the 'Partnership') is pleased to announce that it has completed its initial closing on September 23, 2021 for gross proceeds of $35,334,850. Subsequent to the initial closing the Partnership has been advised the offering is now fully subscribed. The final closing will be held on Thursday, October 14, 2021.
Partnership Objectives & Benefits - National Class Units
The Partnership is designed to provide Series A and Series F holders of National Class Units ('National Class Limited Partners') with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures (as those terms are defined in the Prospectus) across Canada with a view to maximizing the tax benefits of an investment in National Class Units and achieving capital appreciation and/or income for National Class Limited Partners. National Class Limited Partners must be residents of Canada or liable to pay Canadian income tax.
Investors are expected to receive tax deductions for 2021 of approximately 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.
Partnership Objectives & Benefits - Québec Class Units
The Partnership is designed to provide Series A and Series F holders of Québec Class Units ('Québec Class Limited Partners') with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec with a view to maximizing the tax benefits of an investment in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners. Québec Class Units are most suitable for investors who reside in the Province Québec or are liable to pay income tax in Québec.
Investors are expected to receive tax deductions for 2021 of up to approximately 131% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.
Liquidity Event
The investment portfolios of both the National and Québec Class Units will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.
The Syndicate
The syndicate of agents for the offering is being led by Scotia Capital Inc. and includes National Bank Financial Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., iA Private Wealth 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 can be obtained from any agent.
Offering Jurisdictions
Each of the Provinces of Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT
Hugh Cartwright, Chairman
MAPLE LEAF SHORT DURATION FLOW-THROUGH PROGRAMS
Tel: 1-866-688-5750
Email: [email protected]
Web: www.MapleLeafFunds.ca
SOURCE: Maple Leaf Short Duration 2021 - II Flow-Through Limited Partnership National & Quebec Class
Get a daily dose of Canada Standard news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.
More InformationWEST JERUSALEM, Israel: Israeli forces stopped a boat heading to Gaza and detained Greta Thunberg and other activists on board early...
MELBOURNE, Australia: A second embryo mix-up in just two months has pushed one of Australia's largest IVF providers back into the spotlight,...
WASHINGTON, D.C. A public fight between U.S. President Donald Trump and billionaire Elon Musk has taken over social media, especially...
DERA BAJWA, Pakistan: Amir Ali, a 21-year-old man from Pakistan, dreamed of going to Europe for a better life. He was promised a visa...
TOKYO, Japan: Japan's hopes for a foothold in commercial lunar exploration suffered a second blow this week after Tokyo-based startup...
MOSCOW, Russia: Russia's principal security agency, the Federal Security Service (FSB), has accused British intelligence of using the...
New Delhi [India], June 11 (ANI): Former West Indies batter Nicholas Pooran, who announced his retirement from all international formats...
London [UK], June 11 (ANI): South Africa captain Temba Bavuma won the toss and opted to bowl against the defending champions Australia...
Buenos Aires [Argentina], June 11 (ANI): Argentina head coach Lionel Scaloni revealed that Lionel Messi asked to be substituted during...
Mumbai (Maharashtra) [India], June 11 (ANI): Ahead of his side's ICC World Test Championship (WTC) final against South Africa, Australian...
Antwerp [Belgium], June 11 (ANI): The Indian junior women's hockey team continued their winning streak in the tour of Europe with a...
(250611) -- BUENOS AIRES, June 11, 2025 (Xinhua) -- Thiago Almada (1st R) of Argentina celebrates after scoring during the 2026 FIFA...