Fidelity Partnership 1994 - Board Approves Formal Dissolution on March 30, 2007

    TORONTO, March 8 /CNW/ - Fidelity Capital Funding Canada Limited (the
"General Partner"), the general partner of Fidelity Partnership 1994 (the
"Partnership") announces the dissolution of the Partnership effective
March 30, 2007. It had been previously announced that the Partnership had
formally ceased operations on December 31, 2006 and would formally dissolve
shortly afterwards, in accordance with its Partnership Agreement.
    At a meeting of the board of directors of the General Partner, a
resolution was passed to dissolve the partnership on March 30, 2007 pursuant
to the provisions of the Partnership Agreement.
    The General Partner will act as receiver and liquidator of the assets of
the Partnership and shall sell or otherwise dispose of the Partnership's
assets as the General Partner considers appropriate to provide for the debts,
liabilities and liquidation expenses of the Partnership, and the distributions
to limited partners. Out of the Partnership's proceeds of disposition, the
General Partner will pay or provide for the payment of the debts and
liabilities of the Partnership and liquidation expenses.
    After the payment of the Partnership's liabilities, the General Partner
will then distribute to the limited partners of record on the date of
dissolution, proportionate to the number of units held by them, an amount in
cash or kind of the capital contribution paid in respect of each Unit held,
less any amount of capital contribution previously distributed to the limited
partners. Out of the remaining assets of the Partnership, the General Partner
will be paid 0.01%, and 99.99% of the Assets shall be distributed among the
limited partners of record on the date of dissolution, proportionate to the
number of Units held by them. The General Partner will then dissolve the
    Fidelity's mutual funds are different and separate from the Fidelity
Partnerships and are therefore not at all affected by this event.

    Fidelity Investments is Canada's seventh largest mutual fund company and
part of the Fidelity Investments organization of Boston, one of the world's
largest providers of financial services. In Canada, Fidelity manages a total
of $47 billion in mutual fund and corporate pension plan assets. It offers
Canadian investors a full range of domestic, international and sector mutual
funds. Fidelity funds are available through a number of advice-based
distribution channels including financial planners, investment dealers, banks,
and insurance companies. Fidelity Investments also administers defined
contribution and manages defined benefit assets on behalf of corporate clients
across Canada.

For further information:

For further information: Investment professionals and investors:
Fidelity Client Services, 1-800-263-4077; Media: Chris Pepper, Director, Media
Relations, Office: (416) 307-5388, Mobile: (416) 795-7762, Email:

Organization Profile

Fidelity Investments Canada Limited

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890