CALGARY, Jan. 31, 2013 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual Fund") is pleased to announce that it has completed the
rollover of Discovery 2010 Flow-Through Limited Partnership (the "Partnership") into the Groppe Tactical Energy Class (MID125)
mutual fund. The Partnership was dissolved on January 31, 2013.
Partnership investors can determine their Groppe Tactical Energy Class
shareholdings by multiplying the number of units they held in the
Partnership by 1.03710879. Shares of Groppe Tactical Energy Class have
now been credited to the accounts of beneficial holders of Partnership
units. The adjusted cost base of the shares of the Groppe Tactical
Energy Class distributed to Partnership investors is $5.87055096 per
share. There are no fees charged on the rollover into the Mutual Fund,
nor on redemptions of Mutual Fund shares. For those investors looking for a tax shelter in 2013, please be advised
that MRF 2013 Resource Limited Partnership is currently available for
The Groppe Tactical Energy Class actively invests in the oil and gas
sector and in 2012 received a Lipper Fund Award and was recognized as
Canada's #1 natural resource equity fund over a 1-year period. In
addition, Middlefield's Income Plus Class Mutual Fund received two
Lipper Fund Awards and was recognized as Canada's #1 neutral balanced
mutual fund over the 3-year and 10-year periods ended October 31, 2011.
The transfer to the Mutual Fund was a tax-free exchange which means that
no disposition occurred and therefore no capital gains tax is payable
as a result of the rollover. Investors can continue to defer the
capital gains tax liability that arises upon disposition of their
investment by retaining the shares of the Mutual Fund, which currently
offers nine asset classes into which they can switch tax-free. These
asset classes provide significant flexibility to suit numerous
investment objectives including income, growth and safety of capital.
In addition to Groppe Tactical Energy and Income Plus, the other
classes currently offered are ActiveIndex REIT, Precious Metals,
Canadian High Yield, Canadian Dividend Growth, Global Agriculture,
Uranium Focused Metals and Short-Term Income.
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 2010 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.
Calgary: 812 Memorial Drive NW, Calgary, Alberta T2N 3C8
Toronto: First Canadian Place, 58th Floor, P.O. Box 192, Toronto, Ontario M5X 1A6