Rollover of Discovery 2009 Flow-Through Limited Partnership Assets

Liquidity Date Accelerated to October 12, 2011

TORONTO, Sept. 22, 2011 /CNW/ - Middlefield Mutual Funds Limited announced today that, in connection with the planned dissolution of Discovery 2009 Flow-Through Limited Partnership ("Discovery 2009" or the "Partnership", CUSIP: 25470T104), it is proposing to transfer all of the assets of Discovery 2009 to the Precious Metals Class (MID170) of Middlefield Mutual Funds Limited in exchange for mutual fund shares having the same aggregate net asset value as that of the Partnership. The record date for the transfer is September 26, 2011 and the liquidity date is October 12, 2011. These dates have been accelerated from the dates disclosed in the Discovery 2009 prospectus. Appropriate elections under applicable income tax legislation will be made to effect the transfer on a tax-deferred basis.

It is currently intended that Discovery 2009 will be dissolved on or about October 12, 2011. Investors will then be able to redeem their Precious Metals Class (MID170) shares, retain them for longer-term growth or switch tax-free into any of the other Middlefield Mutual Fund classes. Remaining invested in the mutual fund avoids incurring the capital gains tax liability that arises upon redemption of the mutual fund shares.

There are nine available asset classes within the mutual fund family, providing significant flexibility to suit numerous investment objectives including safety of capital, income and growth. The classes currently offered are Groppe Tactical Energy, Precious Metals, Income Plus, ActiveIndex REIT, Income and Growth, Canadian Growth, Global Agriculture, Uranium Focused Metals and Short-Term Income. The transfer will provide the partners of the Partnership with liquidity and the ability to diversify their investments by participating in a large, multi-class mutual fund family.

In addition, Middlefield Group, on behalf of Discovery 2011 Flow-Through Limited Partnership, is pleased to announce that it has filed a final prospectus relating to the initial public offering of Discovery 2011 units. The offering is being made in each of the provinces and territories of Canada and closing is scheduled for October 27, 2011.

Investors should consult their advisors to determine the strategy that is most suitable for them for the achievement of their own personal needs and objectives.

SOURCE Discovery 2009 Flow-Through Limited Partnership

For further information:

For further information, please visit our website at www.middlefield.com or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or 1.888.890.1868. 

MIDDLEFIELD GROUP®
Calgary: 812 Memorial Drive NW, Calgary, Alberta T2N 3C8
Toronto: First Canadian Place, 58th Floor, P.O. Box 192, Toronto, Ontario M5X 1A6
www.middlefield.com 1.888.890.1868

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Discovery 2009 Flow-Through Limited Partnership

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Middlefield Mutual Funds Limited

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