TORONTO, Jan. 21 /CNW/ - MSP 2009 GP Inc. is pleased to announce that MSP 2009 Resource Limited Partnership (the "Partnership") has filed a preliminary prospectus in respect of an initial public offering of limited partnership units. The maximum amount of the offering has been set at $50 million. The Partnership's investment objectives are to maximize total return for limited partners and to provide significant tax benefits for limited partners by investing in flow-through shares and in other securities of resource issuers. The Partnership's portfolio is expected to consist primarily of securities of resource issuers involved in oil and gas exploration and development and, to a lesser extent, securities of resource issuers involved in mining exploration and development or other energy production. MSP 2009 GP Inc., the general partner of the Partnership, expects limited partners to receive tax deductions equal to 100% of the gross proceeds of the offering for the 2009 taxation year. Fred Sturm, Executive Vice-President of Mackenzie Financial Corporation and Benoit Gervais, Vice-President of Mackenzie Financial Corporation, will lead a team of professionals providing investment advisory and portfolio management services to the Partnership. Mr. Sturm and Mr. Gervais currently manage MSP 2008 Resource Limited Partnership and MSP 2007 Resource Limited Partnership, and were the portfolio managers for MSP 2006 Resource Limited Partnership, MSP 2005 Resource Limited Partnership and Mackenzie 2004 Resource Limited Partnership, partnerships with investment objectives and strategies substantially similar to those of the Partnership. MSP 2009 GP Inc. is a wholly-owned subsidiary of Mackenzie Financial Corporation ("Mackenzie Investments"), which was founded in 1967 and is a leading investment management firm providing investment advisory and related services. With $54.7 billion in assets under management as of December 31, 2008, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with $101 billion in total assets under management as of December 31, 2008. The offering is being made through a syndicate of agents co-led by BMO Capital Markets, CIBC World Markets Inc. and RBC Capital Markets and including National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James Ltd., Manulife Securities Incorporated, Wellington West Capital Markets Inc., Blackmont Capital Inc., Desjardins Securities Inc., GMP Securities L.P., M Partners Inc. and Richardson Partners Financial Limited. To learn more, contact your financial advisor or visit the MSP website at www.mackenziefinancial.com/msp.
For further information:
For further information: Catharine Marion, Environics Communications Inc., (416) 969-2809, cmarion@environicspr.com
MACKENZIE FINANCIAL SERVICES INC.
IGM Financial Inc.
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