Notice of Rollover Transaction-Maple Leaf Short Duration 2011-II Flow-Through Limited Partnership (National Class)
April 11 2012 - 2:31PM
Marketwired Canada
This notice is being sent to advise that Maple Leaf Short Duration 2011-II
Flow-Through Limited Partnership - National Class (the "Partnership") will be
proceeding with a transaction (the "Liquidity Transaction") pursuant to which
the assets of the Partnership (the "Assets") will be transferred on a
tax-deferred basis to the Maple Leaf Resource Class (the "Resource Class Mutual
Fund"), a class of shares of Maple Leaf Corporate Funds Ltd., an open-ended
mutual fund corporation, in exchange for Series A shares of the Resource Class
Mutual Fund. Pursuant to the Liquidity Transaction, limited partners of the
Partnership (the "Partners") will receive the Resource Class Mutual Fund shares
in connection with the dissolution of the Partnership.
Resource Class Mutual Fund shares may be redeemed for cash or retained for
longer-term growth potential and delay incurring a capital gain tax liability
that results upon redemption of the shares. Investors can also transfer their
investment into the Maple Leaf Income Class Mutual Fund (the "Income Class
Mutual Fund") on a non-taxable basis. The Income Class Mutual Fund is
diversified across different types of equity and income orientated securities
and seeks to generate modest growth of capital while utilizing income orientated
investments to stabilize returns.
Additional information about the Resource Class Mutual Fund and Income Class
Mutual Fund is available in their simplified prospectus and annual information
form. These documents are available at www.sedar.com and www.mapleleaffunds.ca.
How the Rollover Will Work:
Pursuant to the Liquidity Transaction, Partners will receive shares of the
Resource Class Mutual Fund in connection with the dissolution of the
Partnership. The effective date of the Liquidity Transaction (the "Effective
Date") is expected to be on or about May 8, 2012. Shortly after the Effective
Date, the shares of the Resource Class Mutual Fund that the Partnership will
receive as consideration for the transfer of its assets will be distributed to
the Partners on a pro rata basis and thereafter the Partnership will be
dissolved.
Partners will receive shares of the Resource Class Mutual Fund in exchange for,
and with a value equal to, the value of the units of the Partnership held at the
time of such transfer of Assets. Partners will receive a number of shares of the
Resource Class Mutual Fund equal to the number of Partnership units held
multiplied by the conversion ratio. The conversion ratio will be equivalent to
the Net Asset Value of units of the Partnership divided by the Net Asset Value
of the shares of the Resource Class Mutual Fund determined at the close of
business on or about May 8, 2012. Shares of the Resource Class Mutual Fund will
be received and Partnership units will be removed from each Partners account.
Processing may take 2 to 3 business days (in some cases longer) to complete on
the dealer side after the rollover occurs. The Partnership will issue a press
release once the conversion ratio has been determined.
The ACB (adjusted cost base) for each unit of the Partnership and each share of
the Resource Class Mutual Fund will be determined by the General Partner upon
the wind-up of the Partnership's affairs. The Partnership will dissolve within
60 days of the Effective Date. The General Partner will communicate the
finalized details at that time.
Partners should consult with their investment advisor and/or tax advisor for all
tax-related matters.
Simplified Example:
A Partner holds 100 Partnership units with a final Net Asset Value of $20.00 on
May 8, 2012 and the net asset value per share of the Resource Class is $10.00 on
the same date. Based on these net asset values, the conversion ratio will be 2.0
(2.0 = $20.00 / $10.00). The Partner's 100 units, valued at $2,000, are removed
from the limited partner's account and 200 shares (200 = 100 x 2.0) of the
Resource Class Mutual Fund, valued at $2,000, are added to the limited partner's
account.
Note: Redemptions of the Resource Class Mutual Fund shares ARE NOT subject to a
30 day short term trading fee. Transactions may be executed as soon as the
dealer has processed the rollover details in the investors' dealer accounts and
verifies with the Partnership's records.
Processing at the dealer level can be delayed after the rollover occurs,
therefore transactions such as switches or redemptions may not be processed
until the Resource Class Mutual Fund shares have been credited to client
accounts.
Neither the Partnership nor the Mutual Fund will accept any liability for
transactions in Resource Class shares executed prior to dealer records being
updated.
Specific Information about the Mutual Fund
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Organization and Management of the Mutual Fund
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Manager: CADO Investment Fund Management Inc.is
CADO Investment Fund Management the manager of the Mutual Fund and is
Inc. responsible for managing the overall
609 Granville Street, Suite 808 business and operations of the Mutual
Vancouver, BC V7Y 1G5 Fund.
Tel: 604-684-5742
Fax: 604-684-5748
Toll free: 1-866-688-5750
http://www.mapleleaffunds.ca/
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Portfolio Advisor: T.I.P. Wealth Manager Inc. is
T.I.P. Wealth Manager Inc. ("TIP") responsible for managing the investment
Toronto, Ontario portfolio of the Funds.
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Custodian: The custodian has physical custody of
RBC Dexia Investor Services Trust the Mutual Fund's property.
Toronto, Ontario
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Registrar: The registrar keeps track of the owners
RBC Dexia Investor Services Trust of shares of the Mutual Fund and
Toronto, Ontario processes purchases.
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Auditor: The auditors are responsible for
PricewaterhouseCoopers LLP auditing the annual financial statements
Toronto, Ontario of the Mutual Fund.
The auditors of the Mutual Fund may not
be changed unless the independent review
committee of the Mutual Fund has
approved the change and a written notice
describing the change is sent to unit
holders at least 60 days before the
effective date of the change.
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Independent Review Committee Canadian securities legislation requires
(the "IRC") the Mutual Fund to have an IRC. The IRC
is composed of three members, each of
whom is independent of us. The mandate
of the IRC is to review, and provide
input on, our written policies and
procedures that deal with conflict of
interest matters in respect of the
Mutual Fund and to give their
recommendation regarding and, in some
cases, approve, conflict of interest
matters identified and referred to the
IRC by us.
The IRC will prepare, at least annually,
a report of its activities for
investors. This report will be available
at our website at
http://www.mapleleaffunds.ca/ or you may
request a copy, at no cost to you, by
contacting us at info@cadobancorp.ca.
Additional information about the IRC,
including the names of the members, is
available in the Mutual Fund's Annual
Information Form.
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Portfolio Advisor
T.I.P. Wealth Manager Inc. ("TIP") will be responsible for the Mutual Fund's
investment activities. Mr. Jim Huang, the President of T.I.P., will act as
Portfolio Manager on behalf of TIP. Mr. Huang has over 18 years of experience
investing in the Canadian capital markets. As lead or co-manager while working
at NATCAN (formerly Altamira), Mr. Huang has managed or co-managed over $2
billion in mutual funds and institutional assets, including all of the resource
and equity income products in the Altamira and National Bank mutual fund
families. Altamira Energy Fund, Altamira Resource Fund, Altamira Precious and
Strategic Metals Fund and AltaFund (a Canadian Equity fund focusing on Western
Canada) had industry-leading performance and won awards and positive press
coverage during Mr. Huang's management. Currently, Mr. Huang is the manager for
the T.I.P. Opportunities Fund, a long/short North American equity hedge fund, as
well as being the lead manager for the Maple Leaf Short Duration Flow-Through
Funds, the Maple Leaf Corporate Funds Ltd. family of mutual funds and a small
cap equity mutual fund.
Additional Information
Additional information about the Mutual Fund will be available in the Mutual
Fund's simplified prospectus, 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@cadobancorp.ca, or at
www.mapleleaffunds.ca.
These documents and other information about the Mutual Fund, such as information
circulars and material contracts, will also be available at SEDAR (the System
for Electronic Document Analysis and Retrieval established by the Canadian
Securities Administrators) at www.sedar.com.
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