TORONTO, Jan. 25 /CNW/ - Canada Dominion Resources 2008 Limited Partnership ("Canada Dominion 2008") and CDR 2007 Private Flow-Thorough LP ("CDR 2007 Private and, together with Canada Dominion 2008, the "Partnerships") are pleased to announce that each partnership has completed the transfer of its assets into Dynamic Managed Portfolios Ltd. ("DMP Ltd.") in exchange for shares of DMP Resource Class.
On the date of transfer, January 22, 2010, the net asset values for Canada Dominion 2008, CDR 2007 Private and DMP Resource Class were $21.78 per unit, $19.90 per unit and $19.33 per share, respectively. Upon the dissolution of the Partnerships, expected to occur on or about March 1, 2010, shares of DMP Resource Class will be distributed to limited partners. In the interim, investors in the Partnerships can determine a value for their holdings in DMP Resource Class by multiplying the number of units they held in Canada Dominion 2008 by 1.1266 shares of DMP Resource Class, or the number of units they held in CDR 2007 Private by 1.0294 shares of DMP Resource Class. The derived net asset value per unit of the Partnerships will continue to be available on the Canada Dominion website (www.canadadominion.com) until the dissolution of the Partnerships.
DMP Ltd., an open-ended mutual fund corporation, offers multiple classes of mutual fund shares (the "DMP Funds"), including DMP Resource Class. DMP Resource Class is managed by Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") and sub-advised by Ravensden Asset Management Inc. The multiple class structure of DMP Ltd. allows investors to switch between the DMP Funds on a tax-deferred basis and reposition their investment portfolio to meet their individual investment requirements.
Canada Dominion is a leader in flow-through share finance. Since its first partnership was introduced in 1998, Canada Dominion has successfully raised and invested over $1.1 billion in companies involved in exploration and development efforts in Canada's resource sector. The offerings of Canada Dominion, when combined with those of the flow-through limited partnerships of CMP(TM), form Canada's largest flow-through platform, raising a combined total of more than $3.6 billion in assets throughout their history. Goodman & Company, manager of the Partnerships, the flow-through limited partnerships of Canada Dominion and of CMP and the DMP Funds, also manages the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds(TM), the portfolio solutions of the Marquis Investment Program, and the high-net worth investment counsel of Goodman Private Wealth Management. Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).
SOURCE CANADA DOMINION RESOURCES 2008 LIMITED PARTNERSHIP
For further information: For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or www.canadadominion.com; Myra Reisler, Media Relations, (416) 365-5370