/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES/
TORONTO, April 2 /CNW/ - Acuity Funds Ltd. is pleased to announce that
Acuity 2007 Flow-Through Limited Partnership (the "Partnership") has completed
the second closing of its initial public offering of limited partnership units
("Units"). The Partnership issued an additional 199,805 limited partnership
units at a price of $25.00 per Unit for aggregate gross proceeds of
$4,995,125. Including the first closing, the total amount raised by the
Partnership was $26,308,825.
The Partnership is an Ontario limited partnership with an investment
objective to provide for a tax-assisted investment in a diversified portfolio
of flow-through shares of resource issuers with a view to earning income and
achieving capital appreciation for the limited partners of the Partnership.
The Partnership may also invest in non-flow-through securities.
Acuity Investment Management Inc. ("Acuity") will provide investment
advisory and portfolio management services to the Partnership.
Acuity was formed in 1990 and, as of April 2, 2007, had assets under
management of approximately $9 billion on behalf of mutual funds, pooled
funds, closed-end funds, high-net worth individuals and institutional clients.
The syndicate of agents was co-led by CIBC World Markets Inc. and RBC
Capital Markets, and included BMO Capital Markets, National Bank Financial
Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc.,
Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James
Ltd., Berkshire Securities Inc., Blackmont Capital Inc., GMP Securities L.P.,
Desjardins Securities Inc., IPC Securities Inc. and Wellington West Capital
For further information:
For further information: about the offering, please call Ian O.
Ihnatowycz at Acuity Funds Ltd. at 1-800-461-4570