TORONTO, Feb. 6, 2014 /CNW/ - Sprott 2012 Flow-Through Limited Partnership (the "Partnership") announced today that it had completed the tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Sprott Resource Class of Sprott Corporate Class Inc. on February 3, 2014, as discussed in the Partnership's press release of January 10, 2014. The Partnership was subsequently dissolved on February 4, 2014.
1,932,312 Series A shares of Sprott Resource Class ("Fund Shares") were issued at their net asset value of $6.2126 per Fund Share. The final net asset value per Partnership unit for purposes of the Mutual Fund Rollover Transaction was $10.0156 per Partnership unit. Accordingly, each holder of Partnership units will receive 1.6121 Fund Shares for each Partnership unit held. The adjusted cost base for each Partnership unit was $6.51 per Partnership unit and the adjusted cost base for each allocated Fund Share was $4.04 per Fund Share.
For investors looking for another tax-advantaged investment, Sprott has filed and received a receipt for a final prospectus dated January 30, 2014 offering units of a new flow-through limited partnership, Sprott 2014 Flow-Through Limited Partnership. The final prospectus contains important detailed information about the securities being offered. Investors should read the prospectus before making an investment decision.
Additional information: The prospectus for Sprott Resource Class is available at www.sprott.com, through a broker or by calling Sprott Asset Management LP at 1-866-299-9906. Information about the Sprott 2014 Flow-Through Limited Partnership is available through the dealers or by contacting us directly at 1-866-299-9906 or [email protected]. A copy of the final prospectus for the Sprott 2014 Flow-Through Limited Partnership can be found at www.sprott.com or under Sprott 2014 Flow-Through Limited Partnership's SEDAR profile at www.sedar.com.
About Sprott Asset Management LP
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is an investment manager dedicated to achieving outstanding returns for its investors over the long-term. With a history dating back to 1981, Sprott has a team of leading investment professionals that think independently and have the courage to act on their convictions. Sprott's clients include individual and high-net-worth investors, institutions and endowments. Please visit www.sprott.com to learn more about Sprott's award-winning investment professionals and their market insights.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the relevant Fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if such Funds may be sold in their jurisdiction.For further information, please contact us at 1 (416) 362-7172 or 1(866) 299-9906 or [email protected].
SOURCE: Sprott Asset Management LP
For further information:
1 (416) 362-7172 or 1(866) 299-9906 or [email protected].