Maple Leaf Short Duration 2015-II Flow-Through LP - Quebec
Maple Leaf Short Duration 2015-II Flow-Through Limited Partnership – Quebec Class (the “Partnership”) has completed a transaction (“Liquidity Transaction”) on September 15, 2016 to which the assets of the Partnership (the “Assets”) transferred to the Maple Leaf Resource Class Mutual Fund (the “Mutual Fund” and or “CDO100”) of Maple Leaf Corporate Funds Ltd., an open-ended mutual fund corporation, in exchange for Resource Class – Series A shares of the Mutual Fund.
LIMITED PARTNERSHIP ROLLOVER DETAILS
MAPLE LEAF SHORT DURATION 2015-II FLOW-THROUGH LIMITED PARTNERSHIP - QUEBEC CLASS
| PARTNERSHIP CUSIP: | 56531Q201 |
|---|---|
|
FEDERAL TAX SHELTER: |
TS 083600 |
|
QUEBEC TAX SHELTER: |
QAF-15-01591 |
|
PARTNERSHIP INCEPTION: |
August 6, 2015 |
|
OFFERING CLOSED: |
November 17, 2015 |
|
ROLLOVER COMPLETED: |
September 15, 2016 |
|
NAV PER LP UNIT AT ROLLOVER: |
$23.91287 |
|
ACB PER LP UNIT AT ROLLOVER: |
$8.67500 |
|
CONVERSION FACTOR / RATIO: |
4.30218(1) |
|
AFTER-TAX RETURN: |
96.18%(2)(3) |
|
BEFORE-TAX RETURN: |
4.35 |
(1) To determine the number of Maple Leaf Resource Class (CDO100) shares received after the rollover, multiply your number of Limited Partnership units by the conversion factor.
(2) After-tax return is after capital gains tax has been paid on divestiture and is based on at-risk capital. At-risk capital is after tax savings from tax credits, CEE, CDE and other deductions.
After-tax return is estimated until the 2015 tax factors have been finalized. – See more at: http://www.mapleleaffunds.ca/shortduration/funds/rolledfunds/2015-fund_na.aspx#sthash.eUBpAM3t.dpuf
(3) After-tax return assumes a Federal marginal tax rate of 24.22% for Québec residents and a Québec provincial marginal tax rate of 25.75%. The tax savings are calculated by multiplying the total estimated income tax deductions for each year by the assumed marginal tax rate for that year.
MUTUAL FUND ROLLOVER DETAILS
MAPLE LEAF RESOURCE CLASS
| RESOURCE CLASS FUND CODE: | CDO100 |
|---|---|
|
NAV PER SHARE AT ROLLOVER: |
$5.55831 |
|
ACB PER SHARE AT ROLLOVER: |
$2.01642(4) |
(4) When you sell any shares of Maple Leaf Resource Class (CDO100) you need to know the adjusted cost base (ACB) per share to determine capital gains or losses for tax reporting.
Additional information about the Mutual Fund is available on the Maple Leaf Resource Class Fund Profile page including the Mutual Fund’s Simplified Prospectus, Annual Information Form, Quarterly Summaries of Investment Portfolio and more.
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Investors may deduct issue costs associated with a flow-through limited partnership over a number of years subsequent to the dissolution of the partnership.
View the Issue Cost Deductions in:
All Maple Leaf Short Duration Flow-Through Limited Partnerships roll into Maple Leaf Resource Class Fund Code: CDO100 (the “Mutual Fund”). If you sell shares of the Mutual Fund you will need to know the adjusted cost base (“ACB”) per Mutual Fund share to determine capital gains or losses for tax reporting purposes.