CALGARY, Jan. 23, 2014 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual Fund") is pleased to announce that it has completed the
rollover of Discovery 2011 Flow-Through Limited Partnership (the "Partnership") into the Groppe Tactical Energy Class (MID125)
mutual fund. The Partnership was dissolved on January 22, 2014.
Partnership investors can determine their Groppe Tactical Energy Class
shareholdings by multiplying the number of units they held in the
Partnership by 0.90925873. Shares of Groppe Tactical Energy Class have
now been credited to the accounts of beneficial holders of Partnership
units. 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 2014, please be advised
that MRF 2014 Resource Limited Partnership is currently available for
The Middlefield Groppe Tactical Energy Class, launched in July 2009,
actively invests in the oil and gas sector. Groppe is a 4-star rated
Fund by both Globefund and Morningstar. As at December 31, 2013,
Groppe Tactical Energy has generated annualized total returns for the
one and three year periods and since inception of 20.5%, 4.2% and 9.6%,
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, the other classes currently
offered are Income Plus, 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 2011 Flow-Through Limited Partnership
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.