TORONTO, Jan. 25 /CNW/ - CMP 2008 Resource Limited Partnership ("CMP 2008" or the "Partnership") is pleased to announce that it 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 CMP 2008 and DMP Resource Class were $954.22 per unit and $19.33 per share, respectively. Upon the dissolution of the Partnership, 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 Partnership can determine a value for their holdings in DMP Resource Class by multiplying the number of units they held in the Partnership by 49.3662 shares of DMP Resource Class. The derived net asset value per unit of CMP 2008 will continue to be available on the CMP website (www.cmpfunds.ca) until the dissolution of the Partnership.
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.
CMP is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $2.6 billion in companies active in exploration and development efforts across Canada. When combined with Canada Dominion, the two partnerships form the largest flow-through investing platform in Canada, 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 CMP(TM) and Canada Dominion 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 Dynamic Funds
For further information: For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or www.cmpfunds.com; Myra Reisler, Media Relations, (416) 365-5370