Matrix Announces Final Closing for the Matrix 2011-II National and Quebec Resource Flow Through LP
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/17/11 -- Matrix Funds Management ("Matrix") is pleased to announce the final closing of the sale of limited partnership units of the Matrix 2011-II National and Quebec Resource Flow Through LP (the "Flow Through LP"). Total gross proceeds raised were $14.7 million. The Flow Through LP is a flow-through investment fund with a dual-class structure to allow investors to obtain limited partnership units of a National portfolio (the "National Class Units") or limited partnership units of a Quebec portfolio (the "Quebec Class Units" and, together with the National Class Units, the "Units"), each with its own investment objectives and distinct tax deductions. The National Class Unit is suitable for investors who are Canadian residents subject to Canadian income tax. The Quebec Class Unit is primarily suitable for investors who are residents of the Province of Quebec subject to Quebec income tax.
The Flow Through LP will primarily invest in flow-through shares of resource issuers engaged in mineral or oil and gas exploration and/or development in Canada and Quebec, with a view to maximizing the tax benefit of an investment in the Flow Through LP's Units, preserving capital and achieving capital appreciation for holders of the National Class Units and holders of Quebec Class Units.
Matrix is the manager and portfolio advisor of the Partnership.
The Matrix 2011-II National and Quebec Resource Flow Through LP initial public offering was co-led by Desjardins Securities Inc., National Bank Financial Inc. and BMO Nesbitt Burns Inc. with other syndicate members including Dundee Securities Ltd., Manulife Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Industrial Alliance Securities Inc., Laurentian Bank Securities Inc., M Partners Inc. and Union Securities Ltd.
Matrix and the Partnership are being represented by Blake, Cassels & Graydon LLP and the syndicate of agents is being represented by McCarthy Tetrault LLP.
About Matrix Funds Management
Matrix Funds Management (a division of Growth Works Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (TSX: MTA). Matrix provides diversified asset and wealth management for both individuals and institutional investors. Please visit for more information.
Contacts:
Matrix Funds Management
Isabelle Gervasio
Vice President, Investor Relations & Business Development
1-514-220-0666 x222 or Toll Free: 1-866-687-9363
Matrix Funds Management
David Balsdon
COO and CCO
1-416-365-4201 or Toll Free: 1-888-964-3533
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Datum: 17.11.2011 - 20:01 Uhr
Sprache: Deutsch
News-ID 89117
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