TORONTO, Jan. 11, 2012 /CNW/ - AlphaNorth 2010 Flow-Through Limited
Partnership (the "Partnership") is pleased to announce that effective
January 6, 2012, it has completed the transfer of all of the assets of
the Partnership to AlphaNorth Rollover Fund (the "Rollover Fund"), a
class of shares of AlphaNorth Mutual Funds Limited. The transfer was
completed in exchange for series A shares of the Rollover Fund on a
The final net asset value of the Partnership was $14.12 per unit. This translates into an estimated after-tax total return on money at
risk of approximately 117% for an Ontario investor subject to the
highest marginal tax rate. Each limited partner received one (1) Rollover Fund share for each
Partnership unit held.
On or about July 6, 2012, all outstanding Rollover Fund Series A shares
will be automatically converted on a tax-deferred basis into Series A
shares of AlphaNorth Growth Fund (the "Growth Fund").
The Growth Fund is an open-ended mutual fund. The objective of the
Growth Fund is to generate industry leading long-term returns by
providing investors with diversified exposure to primarily small and
mid-capitalization Canadian companies that offer attractive risk-reward
characteristics. These will typically be companies with market
capitalizations between $100 million and $5 billion.
The Growth Fund employs a similar investment style and methodology to
the AlphaNorth Partners Fund. AlphaNorth Asset Management (the
"Manager") believes that superior long-term equity returns are
achievable by exploiting inefficiencies in the Canadian small cap
universe through the careful selection of securities. The Manager
combines technical analysis with bottom-up and top-down strategy in the
selection of investments offering the best reward versus risk
opportunities. Investors may redeem the Rollover Fund shares under
fund code ANF020 or the Growth Fund shares under ANF010 on any business
day by contacting their dealers. Tax liabilities incurred through capital gains may be deferred by
remaining invested in the Rollover Fund or Growth Fund.
The Manager is a Toronto-based investment management firm with
approximately $130 million in assets under management. It manages the
AlphaNorth Partners Fund, the AlphaNorth Growth Fund, the AlphaNorth
2010 Flow-Through Limited Partnership and the AlphaNorth 2011
Flow-Through Limited Partnership.
The Manager is also pleased to announce that the AlphaNorth 2012
Flow-Through Limited Partnership is now available for investment. The price per unit is $10.00 with a minimum subscription of 250 units
($2,500). The Manager is seeking to raise a maximum of $25,000,000.
Initial closing is expected to be in early February 2012.
SOURCE AlphaNorth Asset Management
For further information:
Skye Collyer, Vice President, Sales and Marketing at 416-506-0776 (ext. 227) or firstname.lastname@example.org