TORONTO, Jan. 10, 2014 /CNW/ - Sprott 2012 Flow-Through Limited
Partnership (the "Partnership") announced that it will be proceeding with the tax-deferred transfer
of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Sprott Resource Class (the "Fund") of Sprott Corporate Class Inc. The transaction will take place on or
about February 3, 2014 after the close of business. In exchange for
the assets, Series A shares of Sprott Resource Class will be issued to
the Partnership and then distributed to individual limited partners on
a dollar equivalent basis. The Partnership will be dissolved on or
about February 4, 2014.
Sprott Resource Class' investment objective is to seek to achieve
long-term capital growth by investing primarily in equity and
equity-related securities of companies in Canada and around the world
that are involved directly or indirectly in the natural resource
sector. Resource specialists Paul Wong and Jason Mayer are the lead
portfolio managers on the Fund and are also supported by Sprott's team
of resource experts, including Eric Sprott, Rick Rule, Charles Oliver
and Eric Nuttall.
In addition to Sprott Resource Class, Sprott Corporate Class Inc. offers
ten additional fund classes: Sprott Canadian Equity Class; Sprott
Diversified Yield Class; Sprott Enhanced Equity Class; Sprott Enhanced
Balanced Class; Sprott Gold and Precious Minerals Class; Sprott Gold
Bullion Class; Sprott Short-Term Bond Class; Sprott Silver Bullion
Class; Sprott Silver Equities Class; and Sprott Tactical Balanced
Class; providing investors with the flexibility of switching to other
share classes on a tax-deferred basis.
Alternatively, for investors looking for another tax-advantaged
investment, Sprott has filed a preliminary prospectus dated December
19, 2013 offering units of a new flow-through limited partnership,
Sprott 2014 Flow-Through Limited Partnership. This limited-time
offering is expected to provide investors with a 100% tax deduction for
their investment in 2014. Information about the Sprott 2014
Flow-Through Limited Partnership is available through the dealers or by
contacting us directly at 1-866-299-9906 or email@example.com. A copy of the preliminary prospectus for Sprott 2014 Flow-Through
Limited Partnership can be found at www.sprott.com or under Sprott 2014 Flow-Through Limited Partnership's SEDAR profile
at www.sedar.com. The preliminary prospectus is still subject to completion or
amendment. There will not be any sale or any acceptance of an offer to
buy the securities offered by Sprott 2014 Flow-Through Limited
Partnership until a receipt for the final prospectus has been issued.
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is
an investment manager dedicated to achieving outstanding returns for
its investors over the long-term. With a history dating back to 1981,
Sprott has a team of leading investment professionals that think
independently and have the courage to act on their convictions.
Sprott's clients include individual and high-net-worth investors,
institutions and endowments. Please visit www.sprott.com to learn more about Sprott's award-winning investment professionals and
their market insights.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
of the relevant Fund before investing. Mutual funds are not guaranteed,
their values change frequently and past performance may not be
repeated. The information contained herein does not constitute an
offer or solicitation to anyone in the United States or in any other
jurisdiction in which such an offer or solicitation is not authorized
or to any person to whom it is unlawful to make such an offer or
solicitation. Prospective investors should consult their financial
advisor to determine if such Funds may be sold in their jurisdiction.
SOURCE: Sprott Asset Management LP