TORONTO, Jan. 8 /CNW/ - CDR 2007 Private Flow-Through LP ("CDR 2007 Private" or the "Partnership") announces that on January 5, 2010, at a special meeting of limited partners of CDR 2007 Private, the limited partners of CDR 2007 Private approved the transfer of the assets of the Partnership to Dynamic Managed Portfolios Ltd. ("DMP Ltd.") on a tax-deferred basis and the subsequent dissolution and winding-up of the Partnership (the "Transaction").
The Partnership intends to complete the Transaction with DMP Ltd. on or about January 29, 2010, pursuant to which limited partners of CDR 2007 Private will receive shares of DMP Resource Class on a tax-deferred basis. 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. DMP Funds are redeemable at their net asset value.
The Transaction remains subject to approval by the independent review committee of the DMP Funds.
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 nearly $1.2 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 Partnership, the flow-through limited partnerships of Canada Dominion and of CMP(TM) 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 GOODMAN & COMPANY, INVESTMENT COUNSEL LTD.
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