Sprott 2011 Flow-Through Limited Partnership Announces Completion of Rollover Transaction
TORONTO, Feb. 6, 2013 /CNW/ - Sprott 2011 Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it completed the tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Sprott Resource Class of Sprott Corporate Class Inc. (the "Resource Fund") on February 1, 2013. The Partnership was dissolved on February 4, 2013.
4,035,519 Series A shares of the Resource Fund ("Fund Shares") were issued at their net asset value of $7.1045 each. The final net asset value per Partnership unit was $7.9123. Accordingly, each holder of Partnership units received 1.1137 Fund Shares for each Partnership unit held. The adjusted cost base for each Partnership unit was $7.53 per Partnership unit and the adjusted cost base for each allocated Fund Share was $6.76 per Fund Share.
Investors looking for another tax-assisted investment can take advantage of the new Sprott flow-through limited partnership offering, Sprott 2013 Flow-Through Limited Partnership. The final prospectus, dated January 30, 2013 contains important information about the securities being offered. Investors should read the prospectus before making an investment decision.
The prospectus in respect of the Resource Fund is available to limited partners of the Partnership, at www.sprott.com, through their broker or by calling Sprott Asset Management LP at 1-866-299-9906. Information about the Sprott 2013 Flow-Through Limited Partnership is available through financial advisors or by contacting us directly at 1-866-299-9906 or firstname.lastname@example.org. A copy of the final prospectus for Sprott 2013 Flow-Through Limited Partnership can be found at www.sprott.com.
About Sprott Asset Management LP
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is an investment manager dedicated to achieving outstanding returns for its investors over the long-term. With a history dating back to 1981, Sprott has a team of leading investment professionals that think independently and have the courage to act on their convictions. Our clients include individual and high net-worth investors, institutions and endowments. Please visit us at www.sprott.com to learn more about our award-winning investment professionals and their market insights.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if these Funds may be sold in their jurisdiction.
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