TORONTO, March 21, 2014 /CNW/ - Matrix 2012-I National and Quebec Resource Flow-Through Limited Partnership (National and Québec Classes) (the "Partnership"), and Marquest Corporate Class Funds Ltd. – Canadian Resource Corporate Class Fund (MAV612) (the Mutual Fund Corporation") announce that the Partnership has completed the transfer and sale (the "Rollover Transaction") of all its assets excluding cash (all cash in excess of funds required to meet existing liabilities was distributed to limited partners on March 14, 2014) to the Mutual Fund Corporation on March 14, 2014, in exchange for Marquest Corporate Class Funds Ltd. - Canadian Resource Fund (Corporate Class) – Series A (MAV612) (the "Mutual Fund Shares"). As part of the wind-up and dissolution of the Partnership, the Mutual Fund Shares were distributed to limited partners of record as of March 14, 2014 on a pro rata basis.
Limited partners of the Partnership's National Class received 0.868207 Mutual Fund Shares (issued at the March 14, 2014 net asset value per Mutual Fund Share of $5.50) for each limited partnership unit, based on a net asset value of $4.77514 per unit of the Partnership's National Class.
Limited partners of the Partnership's Québec Class received 0.798277 Mutual Fund Shares (issued at the March 14, 2014 net asset value per Mutual Fund Share of $5.50) for each limited partnership unit, based on a net asset value of $4.39025 per unit of the Partnership's Québec Class.
The capital gains tax liability that would arise upon disposition can be deferred by retaining the Mutual Fund Shares.
SOURCE: Matrix 2012-I National and Quebec Resource Flow-Through Management Limited general partner of the Partnership
SOURCE: Marquest Asset Management Inc.
For further information: Information on the Mutual Fund Corporation can be obtained by visiting the website www.marquest.ca or by e-mail at [email protected], by telephone at (416) 777-7350, toll-free at 1 (888) 964-3533, or by facsimile at (416) 777-7362.