The investment objective of each of the Québec Portfolios is to provide holders of Québec Class Units (“Québec Class Limited Partners”) with up to a 142% tax deductible investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec with a view to maximizing the tax benefits of an investment in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners.

In order to provide Limited Partners with liquidity and the potential for long-term growth of capital and income, the General Partner intends to implement a Liquidity Event on or before June 30, 2027. The General Partner presently intends the Liquidity Event will be a Mutual Fund Rollover Transaction.