TORONTO, Nov. 22, 2012 /CNW/ - Pathway Quebec Mining 2011 Inc., general
partner of Pathway Quebec Mining 2011 Flow-Through Limited Partnership
(the "Partnership"), and Pathway Multi Series Fund Inc. (the "Mutual
Fund Corporation") announce that the Partnership has completed the
transfer and sale (the "Rollover Transaction") of all its assets
(excluding cash) on a tax-deferred basis to the Mutual Fund Corporation
in exchange for shares of the Mutual Fund Corporation of the series
designated as Mutual Fund Shares, Explorer Series, A/Rollover Series
("Explorer Class Shares") effective November 21, 2012, at a value of
$2.6591 per unit that was originally sold for $10.00.
An investment in limited partnership units ("Units") of the Partnership
were exchanged on a tax-deferred basis for Explorer Series Fund
A/Rollover Series Class Shares ("Explorer Class Share/s") with equal
value pursuant to an arrangement between the Partnership and the Mutual
Fund Corporation. The Limited Partners received 1.2280 Explorer Class
Shares of the Mutual Fund Corporation for each Unit held, based on a
net asset value per Unit of $2.6591 and a net asset value per share of
$2.1654 for each Explorer Class Share.
The Partnership had net assets of $10,214,003.65 at the time of the
transfer. The capital gains tax liability that would arise upon
disposition can be deferred by retaining the shares of the Mutual Fund
SOURCE: PATHWAY QUEBEC MINING 2011 INC.
For further information:
Information on the Partnership or mutual fund can be obtained by visiting the website www.pathwayam.com or by contacting the General Partner by e-mail at email@example.com, by telephone at (416) 777-7350, toll-free at 1 (877) 777-1541, or by facsimile at (416) 777-7362.