TORONTO, Feb. 14, 2012 /CNW/ - Fidelity Capital Funding Canada Limited
(the "General Partner"), the general partner of Fidelity Partnership
1996 (the "Partnership"), announces the dissolution of the Partnership
effective on or before March 31, 2012. It had been previously announced
that the Partnership had formally ceased operations on December 31,
2011 and would formally dissolve shortly afterwards, in accordance with
its Partnership Agreement.
The board of directors of the General Partner passed a resolution to
dissolve the partnership on or before March 31, 2012 pursuant to the
provisions of the Partnership Agreement.
The final distribution was paid to the limited partners on January 17,
2012. The General Partner will act as receiver and liquidator of the
assets of the Partnership and shall dispose of its assets as the
General Partner considers appropriate to provide for the debts,
liabilities and liquidation expenses of the Partnership. Out of the
Partnership's proceeds of disposition, the General Partner will pay or
provide for the payment of the debts and liabilities of the Partnership
and liquidation expenses. There will be no remaining assets in the
Partnership after settlement of all liabilities and there will be no
further distributions to the limited partners. The General Partner will
then dissolve the Partnership.
Fidelity's mutual funds are different and separate from the Partnership
and are therefore not at all affected by this event.
About Fidelity Investments
Fidelity Investments Canada ULC is part of the Fidelity Investments
organization of Boston, one of the world's largest providers of
financial services. In Canada, Fidelity manages a total of $65 billion
in mutual fund and institutional assets. This includes $13 billion in
assets for institutional clients including public and corporate defined
benefit pension plans, endowments, foundations and other corporate
assets on behalf of clients across Canada.
Fidelity Canada provides Canadian investors a full range of domestic,
international and income oriented mutual funds. Investors can also
access Fidelity's expertise through asset allocation, managed and fixed
income solutions as well as its high net-worth program, the Fidelity
Private Investment Program. Fidelity funds are available through a
number of advice-based distribution channels including financial
planners, investment dealers, banks, and insurance companies. Fidelity
is a proud supporter of the Boys and Girls Clubs of Canada and we are
dedicated to helping young Canadians realize their full potential as
productive, responsible and caring citizens.
SOURCE Fidelity Investments Canada Limited
For further information:
Fidelity Client Services