FIDELITY PROVIDES INFORMATION ON FIDELITY 1996 PARTNERSHIP UNITS

TORONTO, Feb. 10 /CNW/ - The management of Fidelity Capital Funding Canada Limited, general partner for Fidelity Partnership 1996 (FZP.UN: Toronto), confirmed today that the Fidelity Partnership 1996 ("FP96") will be wound up as planned on or before December 31, 2011.  The final distribution will be paid in January 2012.

Based on current market values and the historical redemption levels of distributed units experienced by the partnership, management would expect that the final distribution to unitholders would be in the range of $0.28 - $0.32 per unit. Management is unaware of any additional information that supports the significant premium that the units are currently trading at above the estimated final distribution.

As of January 1, 2011, the estimated distribution now includes the impact of income tax payments that FP96 became subject to as a result of it being designated as an Specified Investment Flow-through (SIFT partnership) under the Income Tax Act (Canada).

For further information, please see FP96's most recently filed financial statements and annual information form which are available on the website of SEDAR at www.sedar.com.

About Fidelity Investments Canada ULC

Fidelity Investments Canada ULC is the country's sixth largest mutual fund company and part of the Fidelity Investments organization of Boston, one of the world's largest providers of financial services. In Canada, Fidelity manages over $64 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. 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:

Chris Pepper

Director, Corporate Affairs

Office: 416-307-5388

Mobile: 416-795-7762

Email: chris.pepper@fmr.com

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Fidelity Investments Canada Limited

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FIDELITY PARTNERSHIP 1996

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