TORONTO, Feb. 27, 2013 /CNW/ - AlphaNorth 2011 Flow-Through Limited
Partnership (the "Partnership") is pleased to announce that effective
February 22, 2013, it has completed the transfer of all of the assets
of the Partnership to the newly launched AlphaNorth Resource Fund (the
"Resource Fund"), a class of shares of AlphaNorth Mutual Funds Limited.
The transfer was completed in exchange for series B shares (ANF040) of
the Resource Fund on a tax-deferred basis.
Each limited partner received 0.115337 Resource Fund shares for each
Partnership unit held.
AlphaNorth Resource Fund
The Resource Fund, a class of AlphaNorth Mutual Funds Ltd., is an
open-ended mutual fund available on FundSERV for purchase through
Series A (ANF020) and Series F (ANF021) for fee based accounts. Please
note the rollover transfer was completed in exchange for series B
shares (ANF040). The Resource Fund seeks to generate strong returns by
investing in Canadian resource companies that offer attractive
risk-reward characteristics. In order to accomplish this objective the
fund will focus primarily on Canadian junior and intermediate resource
companies, however, up to 25% of the fund may be invested in foreign
"Equities have lagged the underlying strength in many commodities,"
remarked Steven Palmer, President and CEO. "This is a timely launch as
our bullish macro call presents a compelling risk/reward opportunity
from current levels for resource equities." The Manager supports the
view that small cap equities are the best performing asset class over
the long-term, particularly following a period of significant decline
as was the case in 2011 and 2012.
AlphaNorth Mutual Funds Limited
AlphaNorth Mutual Funds Ltd., also includes the AlphaNorth Growth Fund,
available on FundSERV through Series A (ANF010) and Series F (ANF011).
The multiple class structure of AlphaNorth Mutual Funds Ltd., allows
investors to switch between the AlphaNorth Funds on a tax-deferred
basis and reposition their investment portfolio to meet their
individual investment requirements. Tax liabilities incurred through capital gains may be deferred by
remaining invested in the Resource Fund or Growth Fund.
Manager and Portfolio advisor
The Manager, led by Chief Executive Officer, Steven Palmer, will provide
investment advisory and portfolio management services and will direct
the day-to-day business operation and affairs of the Resource Fund. The
Manager also manages the AlphaNorth 2012 Flow-Through Limited
Partnership, the AlphaNorth Growth Fund, and the AlphaNorth Partners
Fund. The AlphaNorth Partners Fund Inc., is a long biased small cap
small cap hedge fund focusing primarily on Canadian companies,
including resource companies. The AlphaNorth Partners Fund was awarded
Best Performance at the 2012 and 2011 Canadian Hedge Fund Awards.
A prospectus containing important information relating to these
securities has been filed with securities commissions or similar
authorities in Ontario, British Columbia and Alberta. Copies of the
prospectus may be obtained from your Investment Advisor or from our
website. 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
SOURCE: AlphaNorth Asset Management
For further information:
Skye Collyer, Vice President, Sales and Marketing at 416-506-0776 (ext. 227) or firstname.lastname@example.org. You may also visit our website at www.alphanorthasset.com