Maple Leaf 2011 Energy Income Limited Partnership

Divested to Maple Leaf Royalties Corp. on December 16, 2014


 

Maple Leaf 2011 Energy Income Limited Partnership (the "Partnership" or "2011 Fund") completed its disposition of royalty interests to Maple Leaf Royalties Corp. (TSX.V: MPL) on December 16, 2014. 

Investors received 81.25925 Maple Leaf Royalties shares (the “Shares”) for each Partnership unit held. The Shares were transferred on a tax deferred basis. Should investors elect to sell their Shares at some time in the future, capital gains tax will be payable. 

Pursuant to the Partnership's unique business model, investors received total cash distributions of $29.67 per $100 invested and tax deductions of $57.61 to date. Over the next few years, investors will continue to realize further tax deductions such that aggregate tax deductions will equal approximately 100% of invested capital.



  • November 25, 2014 News Release
  • November 20, 2014 News Release
  • December 16, 2014 News Release
  • - See more at: http://www.mapleleaffunds.ca/royaltyincome/fundsdistributions/2011fund.aspx#sthash.5Qm1nnbY.dpuf

    LIMITED PARTNERSHIP DETAILS 

      LP INCEPTION:
     June 27, 2011
      LP OFFERING CLOSED:
     October 27, 2011
      CUSIP:
     56530X108
      TAX SHELTER ID:
     TS 078725
      ORIGINAL LP UNIT PRICE:
     $100 per LP unit
      TOTAL CASH DISTRIBUTIONS:
     $29.67 per LP unit
    $29.67
      TOTAL TAX DEDUCTIONS TO-DATE:
     $57.61 per LP unit
      DIVESTITURE COMPLETED:
    1.25925#sthash.1cvAhtpz.dpuf
     December 15, 2014
      SHARES TRANSFERRED:
     January 23, 2015


    PubCo Details

    The Maple Leaf Royalties Corp. Shares are subject to resale restrictions with one-third being released from resale restrictions on each of the 4, 8 and 12 month anniversaries of the closing date of the transactions (which was December 16, 2014).

      PUBCO TRADING SYMBOL:
     TSX.V:  MPL
      SHARE PRICE AT TRANSFER:
     $0.38 per Share.
    0.38 per Share. To view current share price click here. - See more at: http://www.mapleleaffunds.ca/RoyaltyIncome/FundsDistributions/Divested/2011Fund.aspx?cmspagemode=preview#sthash.tU9MB2lv.dpuf
    $0.38 per Share. To view current share price click here. - See more at: http://www.mapleleaffunds.ca/RoyaltyIncome/FundsDistributions/Divested/2011Fund.aspx?cmspagemode=preview#sthash.tU9MB2lv.dpuf
      CONVERSION FACTOR / RATIO:
      81.25925 Shares for each LP unit held(1)
      ACB AT TRANSFER:
      $0.02760 per Share
      CUSIP 56531N307 EXPIRY:
     4 month trade restrictions expire April 16, 2015
      CUSIP 56531N208 EXPIRY:
     8 month trade restrictions expire August 16, 2015
    $29.67
      CUSIP 56531N406 EXPIRY:
     12 month trade restrictions expire December 16, 2015

    (1)  To determine the number of Shares received after the divestiture, multiply your number of Limited Partnership units by the conversion factor. 

    (2)  The ACB is required when you sell Shares of Maple Leaf Royalties Corp. to determine capital gains or losses for tax reporting.

    Additional information about Maple Leaf Royalties Corp. (TSX.V: MPL) can be found at www.MapleLeafRoyalties.ca